HSBC has released details of how they are helping their customers and making sure they have the guidance and support they need for those feeling the impact of coronavirus.
Mortgages – HSBC are providing short-term support through payment holidays for mortgages, to find out more, visit here. They will also provide more longer-term support by extending the remaining term of a mortgage agreement and switching rates or switching part of all of your mortgage to interest-only arrangements.
Credit cards and loans – They will be supporting anyone with unsecured debt through reduced payments or offer breathing space to defer payments due and will offer the option of a temporary increase in credit card and overdraft limits.
There is also support for those with fixed-rate savings account in the form of early access without closure charges.
Business – HSBC have also allocated £5 billion to help businesses in need of support.
For further details on the support available from HSBC please visit here.
Please do also keep up to date with our website and the Coronavirus Information Hub, where we
HSBC release financial support details
will be updating the latest advice and support available to businesses.