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HSBC adds four broker firms to growing panel

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  • 17/01/2017
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HSBC adds four broker firms to growing panel
HSBC has added four mortgage intermediary firms to its approved distribution list as it expands its reach into the broker market.

The four additions are Charles Cameron, Finance Planning Group, First Mortgage and Tenet Lime.

The bank began offering its mortgages through the intermediary channel in October 2014 when it launched a pilot scheme with Countrywide. After a period of around 10 months, HSBC gradually began to bring more broker firms and networks on board starting with London and Country in July 2015 and a raft of companies in 2016 including Openwork, Sesame, Alexander Hall and Mortgage Advice Bureau.

In June last year, the bank grabbed headlines with its 0.99% two-year fixed rate at 65% loan-to-value, the first product to ever break the 1% interest rate barrier.

Tracie Pearce, HSBC’s head of mortgages in the UK, said: “The start of the year always gets people thinking about making changes in their life, and getting onto the housing ladder or moving house is a regular new years’ resolution. Making our mortgages available to more intermediary partners will provide a greater choice of deals for house-hunters and those looking to remortgage.”

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