After finding out how much you could borrow for a mortgage, consider your future situation. If your annual income is likely to drop for any particular reason, such as a change of job role, you might need to reconsider your mortgage plans by looking at cheaper properties. This is better than taking out a loan you can’t afford. If you don’t keep up repayments on your mortgage… HSBC may charge you a fee Your home may be repossessed Your credit file will be impacted and this could affect your ability to borrow money in the future. As such, you should think carefully before securing debts against your home. If you do take out a mortgage with HSBC and you are worried about missing your payments, it’s better to contact them rather than bury your head in the sand when you’re in financial difficulty. You can call their team of specialists on 0345 850 0633. They will ask you to complete an income and expenditure form so they can offer you tailored support to help you manage your finances. In some circumstances, they may allow you to reduce the size of your mortgage payments to make your life a little easier.