HSBC takes next step in broker market as it adds L&C to panel

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HSBC has expanded its broker panel nine months after the lender first entered the broker market.

The bank now also distributes its mortgages through London & Country, with the brokerage given access to its entire range to 90 per cent LTV.

In October last year the lender made a shock U-turn in its distribution strategy by entering the broker market, piloting a range with Countrywide.

HSBC head of mortgages Tracie Pearce says: “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.”

London & Country associate director of communications David Hollingworth says: “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.”

Separately, the lender is reducing rates by up to 0.4 per cent.