HSBC Mortgages and Home Loans

Mortgages and Home Loans

Introducing...

Opening the door to first time ownership

Making your dreams a reality.

Not one day. Not someday. Today.

Save thousands on upfront costs with this limited time special mortgage offer. Available for New residential mortgage applications from 1 April – 30 June 2024.

Switch & Save on your Mortgage

Why pay more to own property in Bermuda?

We can help you save thousands and make your move to HSBC easy. Enjoy some of the lowest mortgage rates available on island. Available for New residential mortgage applications from 1 April – 30 June 2024.

Consider a second home as your investment

Diversify your wealth by purchasing property.

Build a future in Bermuda’s lucrative housing market which has the potential to grow in value over time.

Save thousands on upfront costs and competitive rates with this limited time special mortgage offer.

Available for New residential mortgage applications from 1 April – 30 June 2024.

Unlocking home ownership in Bermuda

Give your family the key to their future.

There’s something extra special about a place where they can always call home for generations to come.

Apply today for this limited time mortgage offer and save thousands on upfront costs and special rates.

Available for New residential mortgage applications from 1 April – 30 June 2024.

Terms and Conditions

HSBC 2024 Limited Time Special Mortgage Offer

1. This HSBC Bank Bermuda Limited (“HSBC”) 2024 limited time special mortgage offer (the “Promotion”) is open to all HSBC current and future retail customers, aged 18 years or over, residing in Bermuda, who are approved for a residential mortgage between 1 April 2024 and 30 June 2024 (“Promotion Dates”) (“Eligible Customers”).

2. For Eligible Customers:

a. For residential mortgages equal to or over USD or BMD seven hundred and fifty thousand ($750,000) the negotiation fee will be waived;

b. For residential mortgages valued under USD or BMD seven hundred and fifty thousand ($750,000) the associated arrangement fee will be reduced by fifty percent (50%) (both 2a and 2b together referred to as the Promotion).

3. Only Eligible Customers who have been approved for a residential mortgage during the Promotion Dates will qualify for the Promotion. This Promotion does not apply to existing mortgage holders who are looking to refinance. This does not apply to Pre-Approvals or Home Equity Loans.

4. Disbursement of the mortgage does not need to take place during the Promotion Dates; however, this Promotion will only apply to residential mortgages that are disbursed on or before 31 December 2024.

5. Retail Credit Recovery customers are not eligible to participate in this Promotion.

6. HSBC Bank Bermuda Limited reserves the right to discontinue this Promotion at any time without notice.

Mortgages

Residential Mortgages

A mortgage from HSBC can be tailored to fit your needs and your financial situation.

You will benefit from:

• One-on-one assistance and guidance from a Mortgage Specialist

• A pre-approval letter for a mortgage so you’ll know your price range

• Flexible financing terms

Financing terms

• 80 percent financing for properties valued up to $2 million

• 75 percent financing for properties valued between $2 million and $3 million

• 70 percent financing for properties valued over $3 million

A Step-by-Step Guide to Purchasing a New Home*

Get a Pre-Approval Letter

• Review your finances to ensure you have the necessary funds to cover your down payment and all other associated mortgage costs.

• Meet with an HSBC Mortgage Specialists or your Premier Relationship Manager to review how much you can borrow so you know what you can afford. This will help you to find the best options for you and to focus your home search.

• Pre-approval letters are valid for 90 days and is only an indication of how much you can borrow and is not considered as an approved credit facility with HSBC Bank Bermuda Limited.

2

Secure Your Purchase

• When you’ve found a property and made an offer subject to financing, contact your Mortgage Specialist and provide the details.

• You will need to provide your Mortgage Specialist with a copy of the “Sales and Purchase Agreement”.

Get Formal Credit Approval

• HSBC will arrange to have the property professionally appraised to confirm the value of the property.

• Your Mortgage Specialist will ask for all required documentation to complete your application.

• Once submitted, your Mortgage Specialist will notify you of the formal credit decision.

Pre-Closing

• Meet with your lawyer for pre-closing.

• Your Mortgage Specialist will help arrange home buildings insurance and other insurance solutions to protect your investment.

• HSBC will send instructions to your lawyer who will then complete the closing documents which you will be required to review and sign.

• HSBC will provide you with a letter confirming all the details of your mortgage.

Closing

• Your lawyer will send the closing documents to HSBC.

• HSBC will arrange to have the funds sent to your lawyer who will complete the purchase.

• Start enjoying your new home!

* These steps are for informational purposes only and may vary for each customer based on individual financial circumstances. A mortgage is subject to formal credit approval with HSBC.

Connect with us

We offer a range of mortgage options to help you buy your first home, or grow your property portfolio. Plus our dedicated mortgage specialists are on hand to guide you through every step of the journey.

Having an expert is key

Your Mortgage Specialist is your dedicated point of contact, who is equipped to help you meet your mortgage needs. One of the biggest investments in your life is purchasing your dream home, and our Mortgage Specialists have a wealth of knowledge that can support you through your journey.

Meet our dedicated experts

HSBC Mortgage Specialist Team

John Arruda

Mortgage Specialist

Phone +1 441 299 5310

Email john.x.arruda@hsbc.bm

Trina Nicole Pedro

Mortgage Specialist

Phone +1 441 299 5103

Email trina.nicole.f.pedro@hsbc.bm

Akilah Simmons

Mortgage Specialist

Phone +1 441 299 5136

Email akilah.e.simmons@hsbc.bm

Claire Burton

Senior Branch Manager

Phone +1 441 299 5174

Email claire.e.burton@hsbc.bm