Does HSBC offer equity release?

With so many financial institutions out there, it can be difficult to know who offers what, and who could be the best equity release provider for you.

We can help.

We have gathered the most relevant and up-to-date information on HSBC's equity release alternatives to help you decide if any of them work for you.

At SovereignBoss, our research team has spent countless hours reviewing information on HSBC's equity release alternatives and mapping it all out for you.

Discover more:

Are HSBC's alternatives to equity release the best for you and your family?

NOTE: SovereignBoss is an impartial and unconnected third-party information provider via this website, and the details replicated in this commentary represent the opinions of SovereignBoss only and may not reflect the views or opinions of HSBC. This article must not be interpreted as advice, nor is it a solicitation to conduct transactions in any financial product provided by HSBC.

Who Is HSBC?

HSBC is the UK arm of it's global investment bank and financial services corporation functioning under the holding company HSBC Holdings Plc.¹

With total assets of US$2.56tln, it was the world’s seventh-largest bank and the biggest in Europe by 2018.²

Why Should You Consider HSBC?

You should consider HSBC because it has a proven track record and is a trusted global banking institution.³

It's various banking products are also regulated by the FCA for your safety.

Does HSBC Offer Equity Release or Lifetime Mortgages?

No, HSBC does not offer equity release.

However, it does offer mortgage options.

Does HSBC Have an Equity Release Calculator or Alternative?

HSBC does not have an equity release calculator, but it does have an alternative in the form of a mortgage calculator that you can try here.

You can also use our equity release calculator below to see approximately how much capital you can unlock.

What Are the Pros and Cons of Using HSBC?

The pros of using HSBC include that it is a global bank with decades of experience, and the cons of HSBC include that it does not offer equity release plans.

HSBC Pros

The pros of using HSBC are:

• It is a global bank with over 150 years of experience
• HSBC is authorised and regulated in the UK by the Financial Conduct authority (FCA) and Prudential Regulatory Authority (PRA)
• Interest rates are relatively low

HSBC Cons

The cons of HSBC are:

• HSBC does not offer equity release plans
• It does not cater to the retiree mortgage market specifically
• Traditional banking practices still apply and may make it less versatile than an online bank

More About HSBC:

HSBC has always believed that seeking the help of an independent financial adviser is one of the most essential decisions you can make.

HSBC provides high-quality, professional financial planning with clearly defined service levels and a transparent fee structure through HSBC Financial Advisors.

It's basic beliefs ensure that it always behaves with the highest level of ethics and professionalism.

In all that it does, it is transparent and ethical and puts it's clients’ best interests first.

Private consumers can seek guidance from HSBC Financial Advisors on a variety of financial services, including:

• Life and Critical Illness insurance
• Income protection
• Investment strategies
• Pension planning
• Tax planning strategies
• School fees planning
• Mortgages
• Estate planning

How Did We Review the Information on HSBC?

We reviewed HSBC based on the following:

• Reputation and History – How many years they have been in business, customer reviews, and industry rewards received.
• Financial Strength – Ensuring it is going strong and has adequate funds to meet long-term commitments.
• Product Range – We favour companies offering a variety of equity release schemes with greater product flexibility.
• Interest Rates and Fees – We review competitive rates compared to industry averages and they must be fully transparent about rates and fees without hidden costs.
• Customer Service and Support – When and how it is available, response times, and available online educational resources. As well as online tools, like a calculator.
• Code of Conduct and Compliance – We only consider companies that adhere to recognised industry standards and codes.
• Industry Insights and Peer Reviews – We care about a company’s industry-wide reputation.
• Innovation and Technology – Is there a streamlined, digital application process?
• Client Testimonials – Success stories and the complaints resolution process.

This is an unaffiliated, independent review of HSBC.

HSBC Customer Reviews and Ratings

You can view HSBC's customer reviews and ratings below.

• HSBC Reviews on UK.TrustPilot.com
• Customer reviews of HSBC on ConsumerAffairs.com
• HSBC Reviewed on GlassDoor.com

HSBC Customer Complaints

If you like to lodge a complaint about HSBC, you can reach out using one of the options below:

• Personal Banking customers: 03457404404
• Premier Banking customers: 03457707070
• Business Banking customers: 03457606060
• Visit an HSBC branch – Find your closest branch here
• Write to HSBC – Customer Service Centre, BX8 1HB

Alternatively, you can leave a review on a sites such as Trustpilot or Feefo.

HSBC Details

Trading Names

• HSBC Private Banking
• FD
• FD Bank
• First Direct Bank
• HSBC UK Bank Plc
• First Direct
• HSBC
• HSBC UK
• HSBC UK Bank

FCA Permitted Services

• Banking
• Insurance
• Mortgage and Home Finance
• Consumer Credit
• Pensions
• Investments

Regulators

• Financial Conduct Authority (FCA)⁴
• Prudential Regulation Authority (PRA)⁵
• Irish Financial Regulator⁶

Registration Numbers

• FCA Ref Number: 765112
• Companies House Number: 09928412

FCA and Companies House Link

• FCA Link: FCA Link
• Companies House Link: Companies House Link

HSBC Contact Number and Address

• +44 207 9918 888
• 1, Centenary Square, Birmingham, West Midlands, B1 1HQ.

Common Questions

Conclusion

While HSBC may not offer equity release, it could be worth reviewing it's alternative financial solutions.

To start planning for your retirement, you can contact a financial advisor to help you decide if any of HSBC's equity release alternatives are right for you.

The features mentioned and the amounts raised, are subject to the lender’s criteria, terms and conditions. These may take into account the age, health and lifestyle factors in order to provide an enhanced amount. To understand the features and risks, ask for a personalised illustration.