HSBC Lifetime Mortgages

• Fixed interest rate of 4.76% for life with HSBC Lifetime Mortgages
• No advisor or broker fees to pay
• No early repayment penalties
• Option to make monthly repayments if preferred
• A lifetime mortgage is designed to run for the rest of your life
• Free valuation of your home included

To see whether an HSBC lifetime mortgage is suitable for your circumstances, please complete the form below:

The Basics of HSBC Lifetime Mortgages

A lifetime mortgage is a financial product that allows a borrower to unlock some of the value of your home while continuing to live in it. It is most commonly done through an HSBC lifetime mortgage, a type of loan secured against your property. This option is handy if you wish to release some of the equity in your home to pay off an existing mortgage, supplement retirement income, or fund lifestyle improvements.

There are many features to consider when exploring an HSBC lifetime mortgage. You can receive a cash lump sum or access funds in stages. Some plans include inheritance protection to preserve a portion of your estate for your loved ones. There is also the flexibility of optional monthly repayments, which means you can make monthly payments if you choose, or let the interest roll up instead—releasing equity without repayments is one of the unique aspects of this product.

Your tax position is another consideration, as the funds released are usually free of income tax. However, it is essential to understand how receiving funds may affect your entitlement to certain means-tested benefits. Every borrower should receive personalised advice from a qualified provider who will take their individual needs into account.

How a HSBC Lifetime Mortgage Works – A Process

Step one involves understanding your goals and reviewing whether a lifetime mortgage is suitable. Are you looking for a downsizing alternative? Do you have an existing mortgage to clear? Are you seeking money to improve your lifestyle, such as travel or home upgrades? This stage involves assessing your home’s value, age, and financial position to determine how much borrowing you can afford.

Step two is to compare plans in a series of consultations with an authorised adviser. They will explain all plan features, help you select a provider, and ensure the lifetime mortgage you choose meets your current and future needs. This process ensures you make a fully informed decision, with all necessary details clearly explained.

A lifetime mortgage can offer a flexible and secure way to access the money tied up in your home, with the potential to transform your later years while staying in the property you love.

Minimum Age and Property Requirements for HSBC Lifetime Mortgages

Understanding who qualifies for a lifetime mortgage is crucial to the process. To be eligible, you must be a homeowner aged 55 or over, and the property must meet specific criteria. Most plans require your home to be in the UK and of standard construction. You’ll need to provide full eligibility details as part of your application, including property value, ownership status, and your current situation.

An adviser will guide you through each stage and explain how much equity you may be able to release. Some plans include features such as no early-repayment charges, which can offer more flexibility if your plans change later. The loan is a charge against your property, meaning it’s repaid from the proceeds of the eventual sale. A partner or spouse can usually be included in the plan if you own the home jointly.

A Process to Understand Your Requirements before applying for a HSBC Lifetime Mortgage

Step one involves an initial consultation with a qualified adviser, where your income, health, and home value are assessed. The adviser will also explain how a lifetime mortgage may affect your benefits and any potential impact on your loved ones. Importantly, all providers offering lifetime mortgages are required to adhere to standards set by the Equity Release Council, including the essential no-negative-equity guarantee required for HSBC Lifetime Mortgages.

Step two is to proceed with your application, supported by complete documentation and professional guidance. Once the plan is agreed, your solicitor will finalise the legal work, and the money will then be released to you. If you’re unsure or need personalised advice, you can request a call back at a time that suits you to go over everything in more detail. The right home finance solution always starts with the proper support.

Interest Rates and Payment Options

One of the most important aspects of a lifetime mortgage is understanding the interest structure and repayment flexibility. Plans are available to people aged 55 or over whose homes are typically worth at least £70,000. The loan is secured against your property, and interest is either added to the loan balance or paid monthly, as you prefer. Many plans allow you to make partial payments or even repay the full amount over time.

A qualified lifetime mortgage adviser will walk you through all available options and help you understand the total cost of borrowing. Some plans come with no advice fee, while others may include upfront fees or special conditions. Your adviser will make a personalised recommendation based on your age, health, property value, and overall goals. This includes exploring the impact on your inheritance tax planning and your children‘s future.

A Process to Choosing the Right Payment Plan

Step one is to speak with a specialist adviser who will assess your financial position, explain any effect on means-tested benefits, and determine how a lifetime mortgage could support future care needs, including potential long-term care. They will also check that any plan is authorised by a regulated lender under the Financial Conduct Authority’s supervision.

Step two is to compare offers and calculate your potential release using an online calculator or a manual assessment provided by your adviser. This ensures that the money you release suits your needs today and in the future. Every step is tailored to our customers’ needs, with a focus on flexibility, security, and a thorough understanding of the conditions associated with their selected plan.

Popular Reasons for Taking a Lifetime Mortgage

A lifetime mortgage is a flexible product designed to help homeowners aged 55 and over access some of the value tied up in their house. Many people consider this option as they approach or enter retirement, especially when traditional income sources may not be sufficient to maintain their desired quality of life. It allows you to withdraw a tax-free lump-sum cash payment, which can be used for a variety of personal purposes.

Common motivations include helping a family member financially, establishing an emergency cash reserve, or undertaking long-postponed home improvements. Others use it to supplement state benefits, repay debts, or improve day-to-day living standards. The circumstances of each recipient will influence the decision, and understanding your options starts with the right advice and accurate information.

A Process to Understand the Value of Lifetime Mortgage Plans

Step one is an initial appointment with a regulated adviser, where your personal and financial circumstances are reviewed in detail. This includes your age, property value, and whether you are planning to leave money to loved ones or expect to die or move into long-term care in the foreseeable future. The adviser will also explain your state benefits entitlements and how they may be affected.

Step two is all about ensuring you access funds on the right terms. You’ll be given a personalised illustration showing exactly how much you could release, supported by a professional amount calculation based on the range of lifetime mortgage plans available. This gives you the confidence to make an informed decision about whether a lifetime mortgage suits your goals and lifestyle in later life.

HSBC GROUP – STRUCTURED OVERVIEW

🏗️ GROUP ENTITIES & GLOBAL SUBSIDIARIES

🛡️ GLOBAL REGULATORY AUTHORIZATIONS for HSBC Lifetime Mortgages

🌐 RANGE OF BANKING ACTIVITIES

• Retail & Commercial Banking – current accounts, savings, credit, mortgages, business loans
• Private Banking & Wealth Management – high net worth client services
• Global Markets & Investment Banking – FX, equities, fixed income, debt advisory
• Asset Custody & Securities Services – institutional, global safekeeping
• Islamic Finance – through HSBC Amanah in Malaysia
• FinTech & Innovation – via innovation bank and tech hubs
• Insurance & Pensions – life, health, general insurance offerings
• Offshore Banking – expatriate and multi-currency services
• Trade & Treasury – cross-border transactions, liquidity, trade finance

📍 HEADQUARTERS & REGIONAL OFFICES

📞 CUSTOMER & BUSINESS CONTACT TOUCHPOINTS

• General Helpline for HSBC lifetime mortgages (International): +44 (0)20 7991 8888
• Investor Relations (London): +44 (0)20 7991 5072
• UK Business Banking: via site chat – specialist numbers depend on product area
• US Premier Banking: 1 888 662 4722 (24/7)
• HSBC Expat Services (Jersey): Premier +44 1534 616 313 / Advance +44 1534 616 212
• Australia Support: Available via www.hsbc.com.au/contact
• Malaysia Support: via web/branch locator on site
• Hong Kong Services: +852 2822 1111 (Hang Seng)
• Turkey: via www.hsbc.com.tr branch locator
• India: +91 22 2263 7080 & website forms
• Taiwan: via local chat/contact page
• HSBC equity release

Lifetime mortgages: are they safe?

Thanks to Equity Release Council standards, the no-negative-equity guarantee, and current interest rates, regulatory oversight has made lifetime mortgages safe.

Who tends to consider a lifetime mortgage?

People are looking to improve their homes.

Homeowners 55 and above who have been in their homes a long time might need to release a free of tax cash lump sum for a kitchen replacement, bathroom, or even a home extension or conservatory.

If you borrow money embedded in your home and use it to increase the size of your home, this type of value-adding borrowing can raise the value of your home significantly.

Homeowners considering inheritance tax planning

If you have a son or daughter who has a mortgage or other debts, who is maybe having difficulty with monthly interest charges, not only could you plan for future inheritance tax bills with a lifetime mortgage, but you can often get a rate that is lower than the rates your son or daughter is paying.

Plus, you will not have to make monthly payments. If your son or daughter borrows money for a mortgage or secured loan, they will usually need adequate income and affordability to repay the capital. With your lump-sum lifetime mortgage money, they do not need to borrow in the first place.

People are still repaying a mortgage.

A significant number of people who tend to suit a lifetime mortgage are property owners over the age of 55 with a mortgage coming to the end of its term, who cannot realistically repay.

Interest-only mortgages were standard about 20 years ago, when people were often advised to use another investment arrangement to repay the capital balance at the end of the term.

People who have not saved or invested to repay their principal balance, or even people who have built up debts and remortgaged over and over again to unlock cash from their homes

Options for repaying a lifetime mortgage early

Yes, depending on the product selected, some have no early repayment fees to pay. Also, because of how compound interest works, many products will allow you to pay interest to stop your capital balance from increasing over time.

What are lifetime mortgage interest rates in 2026?

Depending on your property value and the amount of your initial lump sum, the current lifetime mortgage rates are about 0.5% higher than the most competitive repayment mortgage for someone younger, currently around 4.5%.

If you have a son or a daughter with a poor credit history, a specialist equity release adviser may suggest that you can use your property value to borrow more cheaply than they can.