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HSBC extends distribution to First Complete and Pink 

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  • 01/09/2016
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HSBC extends distribution to First Complete and Pink 
First Complete and Pink have become the latest in a line of distributors to agree distribution deals with HSBC, with the lender targeting 50% of the advice market by year-end.

The initial launch with HSBC will allow selected appointed representative firms from both networks to access HSBC intermediaries’ full mortgage product range.

Karen Hedges, mortgage manager, First Complete and Pink, said: “With the intermediary market changing, it is important for us to give our brokers access to mainstream lenders that will help them offer the most competitive products to their customers.

“HSBC’s experienced business development management team will offer our advisers extra support, allowing them to further develop and grow their business. This partnership with HSBC will help to give our advisers the tools they need to succeed and we are looking forward to working alongside them as they develop their intermediary offering.”

Tracie Pearce, head of mortgages at HSBC (pictured), said: “Our continued expansion ensures that more customers will have the opportunity to access HSBC’s products helping customers get a great deal on their mortgage.”

In July, the UK’s sixth biggest lender, which is targeting service arrangements with over 50% of mortgage advisers by the end of the year, sealed agreements with Sesame, Mortgage Advice Bureau, Stonebridge Group and Mortgage Intelligence.

In April, Mortgage Solutions reported exclusively that HSBC added Springtide Capital, Alexander Hall and SPF Private Clients to its distribution list, joining existing partners London and Country and Countrywide.

HSBC lent £12.7bn in 2015, handing it a 58% market share, which was a fall from 6.2% in 2014, according to Council of Mortgage Lender figures.

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