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That's assuming no deposit and using their interest rate which is laughable at 7%.
Using this, i get £1,861 on a £450k mortgage (£500k property w/ £50k deposit). Still a lot of money but more in the realm of possibility...
Even if you want ot fix your term for a decade, you can get 2.85% or £2,097 a month.
Soul
I relied on https://www.hsbc.co.uk/1/2//mortgages/repayment-calculator - it reckons £3900 a month for a £563k mortgage. But not claiming expertise at all, I'm nowhere near those heady heights.