Applying for a Mortgage with HSBC Bank Bermuda Limited
Your HSBC Mortgage Application Appointment
Once you have found a home and agreed a purchase price with the seller, the next step is to book an appointment with
one of our HSBC Wealth Specialists or Relationship Managers to apply for a mortgage. We have created this reference
sheet to help ensure that you are prepared for your appointment, and know what to expect from this part of the process.
Your Journey to Home Ownership
Obtain Mortgage
Pre-Approval
Find your home
and agree a
purchase price
Apply for your
Mortgage
Legal
Conveyancing
Process
Move in to your
new home!
What to Bring to your Appointment:
Each applicant will need to provide the following:
Identification
To avoid disappointment, please ensure that your ID is current
and includes your full name. Please ensure that you are eligible
to purchase a property in Bermuda and have considered the
costs of acquiring a licence if applicable.
Verification of Current Address
Please ensure these are original documents in your
name, displaying your current address and not
more than 3 months old.
Bermudian Non-Bermudian* Fixed Residence Temporary Residence
One of:
•
Passport
•
Bermuda Driver’s Licence
•
Bermuda Voter’s Registration Card
•
Special Person’s Card
•
Passport and
•
Evidence of tie to Bermuda
(i.e. Work Permit, Spouse
Letter, Permanent Resident
document, etc.)
One of:
•
Driver’s License
•
Lease Agreement
•
Utility bill (i.e. BELCO)
•
Home Insurance
•
Pay-stub
•
Bank statement
•
Letter (and copy of ID)
from individual with
whom customer resides
One of:
•
Work Permit
•
Employment Letter
We may require further documentation at a later date. Applicants
must be 18 years of age or older. Your Mortgage Application
Appointment will last approximately 60 minutes.
Please also bring (required): Next Steps and Things to Consider:
Proof of Income Earnings for each applicant
(i.e. account statement or previous 3 months pay stubs),
if salary is not direct-deposited to HSBC
Proof of Employment Letter for each applicant stating
“hire date and position currently held, if salary not
direct-deposited to HSBC
If Self-employed or business owner, please provide
past 12 months of Payroll Tax returns or 2 years financial
statements
Rental Income – please bring: (1) Copy of rental
agreement, and (2) account statements showing any
rental income (if not direct deposited with HSBC)
Details of the property you wish to purchase
Contact details for Real Estate Agent (if applicable)
and Lawyer.
• Instructing a Lawyer
Before you instruct a lawyer, please ensure that the firm
is listed on HSBC’s List of Permitted Law Firms. The full
list is available from any HSBC Branch and is updated
monthly.
• Property Appraisal
We will need to instruct an appraisal to be carried out by
an HSBC-approved Property Appraiser on the property you
are planning to buy. This report is used to determine the
current market value of the property. The fee for this is
generally in the region of $450-$650 and you will have an
opportunity at your appointment to select an appraiser.
• Sales and Purchase Agreement
Once prepared by your lawyers you will need to provide
HSBC with a copy of your sales and purchase agreement.
If you need to make a change or cancel your booked appointment, please contact our Call Centre on 299 5959.
Issued by HSBC Bank Bermuda Limited, of 37 Front Street, Hamilton Bermuda, which is
licensed to conduct Banking and Investment Business by the Bermuda Monetary Authority.
©
HSBC Bank Bermuda Limited | June 2020
