Tracie Pearce, UK head of mortgages, said:
“HSBC is a global bank with a global proposition, providing services for international customers is a central tenet of our brand.
“To minimise any negative impacts on customers, the initial transition period and management of pipeline applications will be challenging. Clear guidelines will be provided to brokers to advise how to manage before and after the MCD effective date. Borrowers will be advised that there is some additional information HSBC must collect in the application process in readiness for the MCD change.”
