View more on these topics

HSBC teams up with John Charcol for whole of market mortgage pilot

HSBC is teaming up with John Charcol to trial a whole of market mortgage intermediary service.

The fee-based service, to last seven months, will operate across the whole of market via a team of experienced consultants in a selection of its branches.

The first branch to offer the Mortgage Matcher service is HSBC’s Cambridge city centre branch, with a view to roll it out to 19 other branches on a phased basis over the coming weeks.

The service, administered by John Charcol on HSBC’s behalf, is designed to appeal to the large number of HSBC customers who have not previously bought their mortgage from the bank. It is offered on a fee-basis, with a fee of £150 payable on drawdown.

HSBC’s head of retail products Andy Mielczarek says: “We remain totally committed to funding our own mortgage business, with £15bn available for 2009, double what we lent in 2007.

“However this service offers our customers who are less confident in deciphering the right mortgage deal for themselves, another reason to talk to us and gives us more options to help them.”

HSBC will continue to sell its own mortgages via its existing mortgage managers in all branches, with whole of market and HSBC only mortgage options open to customers in the twenty branches taking part in the trial.

Recommended

Market consistent confusion

Insurers are in limbo at the moment after the body that designed the Market Consistent Embedded Value reporting standard announced the principles could be changed.

Commercial vehicle

This week, I move away from the stockmarket, which at least for the time being is showing signs of life. Now is the time to look once again at the commercial property market. Some of you may know that I have been outspoken in my negative view on this market for quite a few years.

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com