Mortgage Offerings | HSBC Introduces Buy-to-Let Products

HSBC Expands Mortgage Offerings to Boost Broker Support in Buy-to-Let Market

HSBC has launched new mortgage options for brokers, focusing on the growing Buy-to-Let market. This strategic initiative empowers brokers to address their clients’ diverse property investment needs better while providing flexible financial solutions.

Moreover, this development highlights HSBC’s ongoing commitment to fostering strong broker relationships. It also ensures brokers gain seamless access to bespoke mortgage offerings, helping them confidently navigate the shifting real estate market.

By broadening its mortgage portfolio, HSBC aims to support property investors in achieving sustained growth and long-term success. Additionally, this initiative strengthens the overall property market, promoting robust development across the industry.

This move aligns with the evolving needs of brokers and investors alike, making HSBC a key partner in the UK mortgage sector.

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HSBC UK has announced plans to widen access to its Buy-to-Let mortgage products for mortgage brokers. This strategic development will allow over 13,500 independent mortgage advisers from more than 510 broker firms to access HSBC’s offerings.

This move signifies HSBC UK’s commitment to enhancing its presence in the UK mortgage market. Furthermore, it encourages collaboration with a broader network of brokers across the industry. By doing so, the bank seeks to deepen engagement with mortgage advisers while broadening its market footprint.

Coinciding with this rollout is an update to HSBC’s Buy-to-Let mortgage products. The bank has reduced rates across all loan-to-value (LTV) tiers by up to 0.35%. In addition, selected tracker Buy-to-Let mortgage rates have been cut by as much as 0.45%. This refresh includes notable changes to fixed-rate mortgages, ensuring competitive pricing.

Highlights of the revised mortgage range include a two-year fixed 65% LTV option with no fee, reduced to 1.69%. Similarly, the two-year fixed 75% LTV with a £1999 fee now offers a rate of 1.34%. A five-year fixed 65% LTV with no fee has also been adjusted to 1.84%.

For remortgage customers, the revised products provide additional value. A two-year fixed 65% LTV with a £1999 fee now boasts a rate of 1.14%. Meanwhile, the two-year fixed 75% LTV option with no fee has been reduced to 1.84%.

This comprehensive update reflects HSBC UK’s focus on delivering competitive options for landlords and brokers. Transitioning to a broader broker market demonstrates the bank’s strategic aim to align with evolving market needs and strengthen its industry position.

HSBC UK Expands Buy-to-Let Mortgage Access for Brokers

Michelle Andrews, HSBC UK’s Head of Buying a Home, commented on the evolving Buy To Let market. She noted the pandemic’s impact on the rental sector as tenants reassess their housing needs post-lockdown.

City dwellers move away from traditional hubs in search of space and tranquillity, while others return to city life. Renting offers flexibility for those relocating to new areas, akin to ‘try before you buy.’ Additionally, new ‘accidental landlords’ have emerged. Many used the lockdowns to move in with loved ones or friends, leaving properties available for rent.

After a challenging 18 months, the Buy-to-Let market reflects greater tenant demand. Record low interest rates continue to drive this growth. Our rate refresh makes purchasing or remortgaging Buy-to-Let properties more affordable. We aim to support homeowners through every stage of the mortgage journey. Providing brokers with access to our Buy To Let range extends the availability of our BTL mortgages.