New-build max LTV (houses)
up to 90% LTV
New-build max LTV (flats)
up to 85% LTV
Builder gifted deposit
Yes
| Criteria | Verdict | Detail |
|---|---|---|
| New-build max LTV (houses) | Yes |
|
| New-build max LTV (flats) | Yes |
|
| Builder gifted deposit | Yes | — Developer gift up to 5% without affecting value; part-exchange counts as the full 5% |
| Gifted deposit (family) | Yes | — |
| Max LTV (standard) | Yes |
|
Source: lender intermediary criteria, every row verified on or since 2026-07-10 (most recent check 2026-08-19). Criteria change frequently — always confirm current policy with the lender or a broker.
Adviser's view
HSBC new-build mortgage criteria at a glance
- Max LTV (houses): 90%
- Max LTV (flats): 85%
- Builder incentives: a developer gift of up to 5% is accepted without reducing the property's value for lending
- Part-exchange: treated as using the full 5% allowance — can't be stacked with an additional cash incentive
HSBC sits a notch below the most generous high-street names on new-build LTV, capping houses at 90% and flats at 85% — a five-point gap that's fairly typical, but it means clients hoping for a 95% deal on a new-build house will need to look elsewhere.
Where HSBC is clear and useful is on incentives: a developer gift of up to 5% is accepted without reducing the property's value for lending purposes, which keeps the achievable loan amount intact. Part-exchange arrangements are treated as using up the full 5% allowance in one go, so there's no room to stack a part-exchange with an additional cash incentive — worth explaining to clients weighing up a developer's part-exchange offer against a straight sale.
The table above carries the current positions; confirm with HSBC before applying, particularly how any part-exchange arrangement is being treated alongside the rest of the deposit.
FAQ
Does HSBC lend on new-build properties?
Yes. HSBC lends up to 90% LTV on new-build houses and 85% on flats — a notch below the most generous high-street names, so clients hoping for a 95% deal on a new-build house will need to look elsewhere. A developer gift of up to 5% is accepted without reducing the property's value for lending.
How does HSBC treat part-exchange on new builds?
HSBC treats a part-exchange arrangement as using up its full 5% incentive allowance in one go, so there's no room to stack a part-exchange with an additional cash incentive — worth weighing when a client is comparing a developer's part-exchange offer against a straight sale.