HSBC UK for Intermediaries will provide rates through Connect from 1.54% for a two-year fixed rate and 1.84% for a five-year fixed rate, both at 60 per cent loan-to-value (LTV).
Different rates will be available at higher LTVs and HSBC will pay Connect’s brokers a gross procuration fee of 0.40% on every deal.
Connect’s members will be able to introduce clients up to age 80 and HSBC will accept earned income from both employed and self-employed borrowers.
It will also accept a wide range of property types and extend products to UK expats, including people living in 22 different specified countries, earning income in up to 165 different currencies.
Liz Syms (pictured), CEO of Connect for Intermediaries said: “While the Connect network is well known for specialist lending and buy-to-let, it is less well known that we have an extensive and flourishing mainstream residential panel too.
“The addition of HSBC helps to reinforce the strength and depth we have across every lending area, providing our network members with extensive access to lenders and rates across every part of the mortgage market.”
