HSBC joins Connect for Intermediaries’ mainstream residential panel

08 April 2019

Connect for Intermediaries has appointed HSBC to its mainstream residential panel for its network. HSBC approved the appointment last week and it goes live immediately.

HSBC UK for Intermediaries will be providing rates through Connect starting at just 1.54% for a two-year fixed rate, from 1.84% for five-year fixed rate, both at 60% LTV. Different rates are also available at higher LTVs. 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 a maximum age of eighty and HSBC will accept earned income from both employed and self-employed borrowers up to this age. It will also accept a wide range of property types, including those outside of the normal.

The HSBC products are also extended to UK expats. It will accept people living in 22 different specified countries, earning income in up to 165 different currencies.

Liz Syms, CEO of Connect for Intermediaries says, “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.”

For more information about Connect for Intermediaries, visit https://cmortgages.co.uk/brokers-connectmortgages/