By using this website, you agree to our use of cookies to enhance your experience.


HSBC withdraws BTL mortgage deals

HSBC has stopped all buy-to-let lending during the Covid-19 outbreak due to limitations on physical valuations.

Research by Moneyfacts has found that the Covid-19 pandemic has impacted the choice and cost of deals in the buy-to-let market over the past month. 

There has been an overall fall of more than 1,300 buy-to-let products in the market compared to the start of March 2020, restricting choice for perspective landlords who were preparing to invest in this sector. 


HSBC issued a statement on its website, which stated: “Following government advice, all physical valuations are currently suspended. This means we cannot currently accept any applications for a loan of more than 90% of the property value, or for a buy-to-let mortgage.” 


Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.


Please login to comment

MovePal MovePal MovePal
sign up