This takes the number of firms approved to distribute the bank’s mortgage products to 19.
HSBC plans to be distributing its mortgage products through all networks by the end of the year, after which time it will draw up plans for the next phase of its distribution expansion.
In Partnership chief executive Kevin McDonagh said: “We are delighted to be partnering with HSBC, a lender with such a strong brand and reputation in the mortgage market. In Partnership prides itself on offering members access to the best deals in the market in order that they can fully satisfy their clients’ needs. HSBC provides quality products and their mortgage offering is an invaluable addition to our lender panel.”
This week, HSBC launched a market-leading five-year fixed rate priced at 1.69% available up to 60% loan-to-value with a fee of £999. The bank cut 14 fixed rates in total by up to 0.25%.
The In Partnership recruitment follows the appointment of Intrinsic and Knight Frank to its panel, in April.