View more on these topics

HSBC overhauls B2L mortgage range

HSBC has overhauled its buy-to-let mortgage range and is making the products to non-HSBC customers for the first time.

The new range will also see the rental cover requirements reduced from 130 per cent to 125 per cent, and the maximum loan-to-value available on further advances increase from 60 per cent to 75 per cent.

Buy-to-let mortgage applications will also be assessed on a rental income basis only.

New 60 per cent and 70 per cent LTV deals will be available as part of the range, as well as a £349 booking fee option and discounted booking fees to £99 for HSBC customers with either a Premier or Advance bank account.

HSBC head of mortgages Tracie Pearce says: “The availability of buy-to-let products is now at its highest point since 2008.

“High rents and low interest rates mean customers are increasingly seeing buy-to-let as an attractive investment opportunity. The policy and pricing changes we have made will make our range available to even more people.”



Caption Competition – 9 September 2015

Can you put the boot into your nearest and dearest to win a delicious box of Hotel Chocolat milk chocolates? Submit a witty caption for the photo above and you will be automatically entered into our prize draw. Remember, the funnier it is, the more likely you are to win. What are you waiting for? […]


LV= swings back into profit

LV= has reported operating profits of £12m within its life division for the first six months of 2015, following a £5m loss in the same period last year. The insurer’s results for the first half of the year, published this morning, reveal year-on-year life sales measured on a present value of new business premiums basis […]

FCA logo new 3 620x430

Brokers and IFAs clash over proc fees

The FCA’s refusal to ban commission in the mortgage market is “inconsistent”, according to life and pensions advisers. The regulator confirmed this week that it had found little evidence of bias, and therefore ruled out a commission ban as part of its upcoming mortgage market reviews. However, advisers already subject to a ban as part […]


Cover story: Star turn?

Bank of England governor Mark Carney received a film star’s welcome in 2013 but does his left hand know what his right is doing? Opinion is divided


News and expert analysis straight to your inbox

Sign up