HSBC joins Connect for Intermediaries’ mainstream panel

Published on

Connect for Intermediaries has appointed HSBC to its mainstream residential panel for its network.

HSBC UK for Intermediaries will be providing rates through Connect starting at 1.54% for a two-year fixed rate and from 1.84% for a five-year fixed rate, both at 60% LTV.

Different rates are also available at higher LTVs.

HSBC will pay Connect’s brokers a gross procuration fee of 0.40% on every deal.

Connect’s members will be able to introduce clients up to a maximum age of 80 and HSBC will accept earned income from both employed and self-employed borrowers up to this age. It will also accept a wide range of property types, including those outside of the normal.

The HSBC products are also extended to UK expats. It will accept people living in 22 different specified countries, earning income in up to 165 different currencies.

Liz Syms, CEO of Connect for Intermediaries, said: “While the Connect network is well known for specialist lending and buy-to-let, it is less well known that we have an extensive and flourishing mainstream residential panel too.

“The addition of HSBC helps to reinforce the strength and depth we have across every lending area, providing our network members with extensive access to lenders and rates across every part of the mortgage market.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

CHL cuts buy-to-let rates by up to 25bps

CHL Mortgages has reduced rates across its short-term let and limited edition buy-to-let ranges. The...

Darlington cuts rates across buy-to-let and specialist ranges

Darlington Building Society has reduced mortgage rates by up to 50bps across its buy-to-let,...

HTB backs £2.4m Mitcham scheme

Hampshire Trust Bank has provided a £2.4m development finance facility for a mixed-use scheme in...

The Mansfield reports record mortgage lending for second year running

Mansfield Building Society has reported record mortgage lending for the second successive year, after...

West Brom cuts rates and adds options to strengthen remortgage appeal

West Brom Building Society has reduced mortgage rates by up to 30bps while widening...

Latest publication

Other news

CHL cuts buy-to-let rates by up to 25bps

CHL Mortgages has reduced rates across its short-term let and limited edition buy-to-let ranges. The...

Darlington cuts rates across buy-to-let and specialist ranges

Darlington Building Society has reduced mortgage rates by up to 50bps across its buy-to-let,...

HTB backs £2.4m Mitcham scheme

Hampshire Trust Bank has provided a £2.4m development finance facility for a mixed-use scheme in...