HSBC adds L&C to infant broker panel

HSBC has expanded its broker panel nine months after it entered the intermediary market.

The lender now also distributes its mortgages through London & Country, with the brokerage gaining 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.”

Legal & General Mortgage Club director Jeremy Duncombe says: “This launch with London & Country paves the way for other L&G Mortgage Club firms to launch with HSBC in the near future. We have been working hard with HSBC over recent months and welcome its expansion into the intermediary market.

“HSBC offers a wide variety of competitive products and it’s exciting to see them being added to brokers’ portfolios. 

“This will help advisers to offer a greater range of products to their clients, meaning that they will be able to give more flexible advice to customers, enabling them to suggest a deal that best suits their needs.”

Separately, the lender has reduced rates by up to 0.4 per cent.