Residential panel
Connect for Intermediaries has recently expanded its network’s mainstream residential panel by incorporating HSBC. This strategic move aims to enhance the options and opportunities for network members seeking residential financing solutions.
In a significant development for the UK mortgage market, HSBC has joined Connect for Intermediaries’ lender panel. This marks a major step forward as the network adapts to the rapidly evolving financial industry.
By partnering with HSBC, Connect for Intermediaries expands its lender options, demonstrating its commitment to offering diverse and competitive solutions. This addition broadens opportunities for intermediaries and enhances the range of financial products available to borrowers.
Moreover, including HSBC strengthens Connect for Intermediaries’ ability to meet a wider variety of client needs. It fosters a more dynamic and supportive ecosystem, benefiting both professionals and customers seeking tailored mortgage solutions.
This strategic partnership underscores Connect for Intermediaries’ dedication to maintaining a leading position within the UK mortgage market. By continually expanding its lender panel, the network ensures it stays ahead of market trends while delivering value-driven services.
As a result, intermediaries gain access to an extensive selection of reputable lenders, empowering them to provide optimal financial solutions. This partnership highlights the importance of innovation and collaboration in achieving success within a competitive marketplace.
Residential Panel | What can brokers expect from HSBC?
HSBC UK for Intermediaries is set to unveil competitive rates through Connect, starting from 1.54% for a two-year fixed rate and 1.84% for a five-year fixed rate, both applicable at a 60% loan-to-value (LTV). Beyond these attractive rates, Connect’s brokers stand to benefit with a generous gross procuration fee of 0.40% on each transaction.
Connect’s extensive reach is further highlighted by its members’ ability to introduce clients up to 80. Notably, HSBC welcomes earned income from both employed and self-employed borrowers, expanding the eligibility criteria. The flexibility extends to property types, ensuring a broad spectrum of options, while HSBC’s inclusivity even covers UK expats residing in 22 specified countries, earning income in up to 165 different currencies.
Liz Syms, the CEO of Connect for Intermediaries, emphasised the strength and diversity within the Connect network, shedding light on its often overlooked mainstream residential panel. The addition of HSBC bolsters the network’s comprehensive offerings, providing members with unparalleled access to various lenders and competitive rates across every facet of the mortgage market.
This strategic alliance enhances Connect’s standing in the industry, solidifying its reputation for specialist lending and buy-to-let and its flourishing presence in mainstream residential offerings.
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