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HSBC achieves distribution partnerships with 80% of broker market

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  • 29/06/2018
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HSBC has extended its mortgage distribution to another two brokers, taking the total number of intermediary partners to 50.

 

 

 

The lender has added LDN Finance Solutions and Easylife Alliance to its distribution, meaning more than 80% of the broker market, or around 12,000 brokers, have access to HSBC UK Mortgages.

HSBC started to roll out its mortgages to brokers almost three years ago and said it aims to reach 100 broker partners as quickly as possible.

Chris Pearson, HSBC UK’s head of intermediary mortgages, said: “We entered the market in an intentionally methodical way to ensure we were able to provide brokers with the best level of service and we wanted to learn from the experience as we progressed.

“During that time a lot has changed, we have launched a new broker platform, given brokers initial exclusive access to our 95% mortgages, removed standard valuation fees and non-refundable booking fees, helping brokers help their clients.

“What hasn’t changed is our commitment to brokers and an acknowledgement of the important service brokers provide to those who aspire to get onto the property ladder and those already on it and looking to move or remortgage.”

Dean Vellender, director at Easylife Alliance added: “It’s great seeing HSBC coming into the Directly Authorised (DA) intermediary space.

“The HSBC team have already been a pleasure to work with, we can see that this will be a rewarding relationship for all parties, including bringing even more benefits to EasyLife Alliance customers.”

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