HSBC for Intermediaries

• Signed Passport
• UK Driving Licence (Photo Card)
• National Identity Card (EEA and Swiss Nationals only)

• Benefits Agency Letter
• Certificate of Travel (Black)
• Disabled Parking Document (blue or orange)
• Foreign and Commonwealth Office letter (foreign diplomatic staff only)
• HMRC Tax Notification (PAYE coding notice, HMRC Notification of Working Family Tax Credit, HMRC Notification of Children's Tax Credit, HMRC Notification of Disabled Persons Tax Credit or HMRC Tax Calculation)
• Northern Ireland Voter's Card
• Travel Documents (Blue and Red) issued by the UK Home Office
• Armed forces Identity card
• Group Identification form

• Non-certified scanned documents for address verification are accepted for business submitted through our broker platform.
• UK driving licence – a current photocard driving licence, including a provisional photocard driving licence can be used to verify address. A current full paper driving licence can also be used.
• Council tax bills - valid for the current billing year and dated within the last 13 months. Billing year usually runs from 1 April to 31 March.
• Mortgage statements - online statements are acceptable when accompanied by a passport, UK photocard driving licence or national identity card. We do not accept mortgage statements from HSBC UK, however statements from First Direct and M&S are acceptable.
• Credit card statements from Private Bank, John Lewis Partnership Card, M&S and First Direct are acceptable. Online statements are acceptable when accompanied by a passport, UK photocard driving licence or national identity card. We do not accept credit card statements from HSBC UK.
• Bank, Building Society and Credit Union statements - online statements are acceptable when accompanied by a passport, UK photocard driving licence or national identity card. We do not accept branch printed statements from any lender. Bank statements from HSBC UK are not accepted, however statements from First Direct and M&S are acceptable.
• Insurance/Investment documents – home, motor and travel insurance documents are not acceptable. Must be dated within the last four months and must indicate that a customer/financial relationship exists with the applicant. John Lewis Partnership, Marks & Spencer, First Direct and HSBC documents are not acceptable.
• Solicitor's letter confirming house purchase or land registry confirmation. This must be supported by documentation that verifies the applicant’s previous address.
• Northern Ireland voters card is acceptable when accompanied by a passport, UK photocard driving licence or national identity card.
• Letter from a university, college or known language school must be dated within the last four months and be on official headed paper with contact name, address and telephone number or email address.
• National ID card – only acceptable for EEA and Swiss Nationals and must include the applicant’s photograph.
• Rent card or book – must be from a local council or reputable letting agency (not a private landlord). The card/book must not have expired.

• For all customers, we require the latest months payslip dated within the last 35 days. For any variations to the frequency of pay, please refer to the Evidential Documents Matrix.
• Documentation is required for bonus, overtime, commission and shift allowance in line with the Evidential Documents Matrix.
• For customers on or about to take maternity leave, we ask for details including whether their income is affected by reduced hours - if it is, please provide an employer's letter.
• Evidence of any other income the customer wants us to take into account such as pensions, benefits, investments or rental income.

Following the Government’s recent announcement of a 2nd national lockdown, the below changes for assessing self-employed income have been introduced with immediate effect:

New applications

• Please check with your customer(s) if their business has been impacted by the recent tightening of COVID restrictions, as this this will not be reflected in their last 60 days’ worth of business bank statements.
  
  Unfortunately, if your customer(s) is impacted, we will not be able to process an application at this time. As soon as restrictions are eased and they can evidence that their income is no longer impacted, you will be able to submit their application as normal.

Pre-offer applications

• If your customer(s) has been impacted by the recent COVID restrictions since submitting their application, please contact your local BDM or call the Broker Support Helpdesk to advise us of any changes. If we are not made aware, it could result in them proceeding with borrowing they may not be able to afford.
  
  Your customer’s application will proceed as normal if their financial situation hasn’t been impacted, however we may ask for further documents to ensure income is sustainable. All self-employed applications will continue to be reviewed by an underwriter.

Sole Trader, Partnerships, LLPs with less than 200 partners

• Last two years Tax Calculation and corresponding Tax Year Overviews.
• Income affected by Covid-19? Please add a note in the free format box on the broker platform explaining how the income has been affected and the date affected from, before submitting the case.
• Either January, February or March business bank statements (or personal account statements if used for business purposes) and;
• The last 60 days’ worth of business bank statements (or personal account statements if used for business purposes) of which the latest date showing on the statements must be within a week of the application date.
• For HSBC business account customers, we can rely on internal transaction data, as an alternative to obtaining actual bank statements.
• PDF statements are preferable, but screen shots will be accepted.
• If providing financial accounts instead of HMRC documents, these must be signed by an accountant.

 

Limited Companies

• Last two years finalised financial accounts (the most recent of which must be no more than 18 months old). If there are multiple directors within the business, and the financial accounts do not confirm the distribution of salary to each director, then evidence will be required from either the last two years P60’s or last two years Tax Calculations and corresponding Tax Year Overviews.
• Income affected by Covid-19? Please add a note in the free format box on the broker platform explaining how the income has been affected and the date affected from, before submitting the case.
• Either January, February or March business bank statements (or personal account statements if used for business purposes) and;
• The last 60 days’ worth of business bank statements (or personal account statements if used for business purposes) of which the latest date showing on the statements must be within a week of the application date.
• For HSBC business account customers, we can rely on internal transaction data, as an alternative to obtaining actual bank statements.
• PDF statements are preferable, but screen shots will be accepted.
• All applications will continue to be reviewed by an underwriter.
• Financial accounts do not have to be signed by an accountant unless they are being provided by an International customer for a Limited Company based overseas.

 

LLP with 200 or more partners

• Letter issued by either the company finance director or accountant.
• Must detail the customer's earnings over the past two years and be dated within the last three months.
• Evidence of any other income the customer wants us to take into account such as pensions, benefits, investments or rental income

• The customer must evidence that they have lived and worked in the UK for a minimum of 12 months at point of application – evidenced by current valid passport with visa stamp or work visa showing date of entry into the UK and evidence of 12 months employment.
• The customer must have a work permit / visa with at least 12 months left to run until expiry at point of application
• Maximum LTV of 75% for mortgage borrowing or additional lending
• Additional lending cannot be used for debt consolidation
• Deposit is funded from the customer's own resources. Gifts and builder's cash backs are not acceptable, unless they are in addition to the 25% deposit provided from the applicants own resources
• Foreign nationals without indefinite leave in the UK or no right of abode entitlement not meeting the above criteria are subject to the same criteria as Non-UK residents, as set out in the overseas customers section