Spreading your wings

Buying your first home is likely to be your biggest single investment so far. It is a time of great excitement and a little stress! There are a lot of things to be considered including the mortgage and paying all the bills, and if this is your first time there will be a lot to learn. The most important point of course is how much you are willing or able to spend (which will be dependent on the amount of deposit you can put down and your ability to make repayments). Only then can you decide the best way of financing the purchase.

Our Financial Guides can explain the various ways in which deposits and repayments are calculated. At HSBC Amanah we can arrange a fixed profit rate HomeSmart-i so you can budget precisely each month, or we can tailor a more flexible HomeSmart-i so you can make additional payments when you like, and redraw* money you have earlier made toward the facility.

You can open an Advance Account-i and sub account (s) (Advance Link Account-i) earn potentially higher profit and help you manage all the little expenses going for the new home. For added convenience, you have the 24-hour service of Personal Internet Banking and Telebanking. You can also arrange Anytime Money Personal Financing - i to cover the additional expenses which are inevitably involved in bringing your new home up to your own standards – installing window bars and a security system, buying new curtains and floor coverings etc. Takaful Anytime Protector will cover your outstanding financing amount if anything unexpected occurs.

Finally, you will need to consider Takaful Mortgage Protector or Takaful Mortgage Protector Plus, Homeowner Takaful and HSBC LifeStyle Protector Plus Plan to protect your loved ones from life’s uncertainties.

Useful tips

There are lots of books with regard to buying, renovating, building a home and property investment. In the course of purchasing and renovating your house, you mayneed a lawyer to handle such transaction, and perhaps advice from an accountant or a real estate agent. Talk to at least three of each before appointing anyone, and find out from your family and friends if they know anyone they can recommend.

*Terms and conditions applies