The agreement will see the mortgage broker offer HSBC’s full residential mortgage range, up to 90% LTV to their brokers from 3 August 2015.
HSBC’s new free-free mortgage range includes:
- 60% LTV 2 year fixed – 1.89% (down 0.1% from 1.99%)
- 70% LTV 2 year fixed – 2.69% (down 0.3% from 2.99%)
- 85% LTV 3 year fixed – 3.09% (down 0.4% from 3.49%)
- 85% LTV 5 year fixed – 3.29% (down 0.15% from 3.44%)
David Hollingworth, London & Country said:
“We’re sure that the broad range of competitive HSBC mortgage deals will carry significant appeal for our advisers and their clients. HSBC has shown its commitment to UK mortgage borrowers through the sharply priced products it has delivered time and again. That, coupled with our award winning advice, is sure to add up to a compelling proposition for our customers.
“Given the appetite of HSBC, the successful completion of this next phase should pave the way for a broadening of access to other members of Legal & General’s distribution.”
Tracie Pearce, Head of Mortgages at HSBC, commented:
“This is an exciting time for HSBC and we look forward to working closely with London & Country. We believe our products will resonate with their customer base, enabling even more customers to benefit from our range of products.
“It is entirely due to our successful partnership with Countrywide which has enabled us to extend our relationship to London & Country, and we’re committed to continuing to build on this as we welcome new broker partners.”
Jeremy Duncombe, Director, Legal & General Mortgage Club, commented:
“This launch with London & Country paves the way for other L&G Mortgage Club firms to launch with HSBC in the near future. We have been working hard with HSBC over recent months and welcome their expansion into the intermediary market.
"HSBC offers a wide variety of competitive products, and it’s exciting to see them being added to brokers’ portfolios. This will help advisers to offer a greater range of products to their clients, meaning that they will be able to give more flexible advice to customers enabling them to suggest a deal that best suits their needs.”
