You are here: Home - News -

HSBC expands broker reach with two more firms – exclusive

by:
  • 26/04/2017
  • 0
HSBC expands broker reach with two more firms – exclusive
HSBC has expanded its mortgage distribution through the intermediary channel with the addition of two more firms to its panel.

Intrinsic Financial Services and Knight  Frank join the bank’s panel taking the total number of firms distributing HSBC mortgages to 18 accounting for around 50% of the broker market.

Tracie Pearce, HSBC’s head of mortgages in the UK, said: “We are delighted to welcome on board our new intermediary partners. We entered the intermediary market and have methodically grown our presence over the last 18 months. The addition of these two firms means that over half the market now has access to our products, and we remain committed to offering great value and competitive products to our intermediaries and their customers.”

HSBC opened its doors to intermediaries in October 2014, and has adopted a slow but steady distribution expansion plan. After launching a pilot programme with Countrywide, the bank waited until August 2015 before adding a second broker to its panel, London and Country. In 2016, a further 12 were chosen to distribute HSBC mortgages, which last year accounted for 7% of its mortgage origination, its full year results revealed.

In February, the bank appointed Jackie Uhi to the role of head of mortgage distribution. Uhi, formerly the managing director of Barclays’ mortgage distribution, is responsible for managing the bank’s UK mortgage and protection distribution team across the branch network, contact centres and intermediaries.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • Budget 2017: Hammond pledges to build Britain fit for the future - https://t.co/MwX4w1KD9a
  • My week on Twitter 🎉: 78 Mentions, 100K Mention Reach, 105 Favorited, 67 Retweets, 27 New Followers. See yours with… https://t.co/UESH1SKd98
  • Skipton to launch residential seven-year fixed, three-year BTL and new build products - https://t.co/8C7fBZ1x3x
Read previous post:
british specialist lending awards
Meet the judges of the first British Specialist Lending Awards

Leading figures in the specialist lending market met this week to interview nominees shortlisted for recognition in the first British...

Close