Other 2-year fixes stand at 1.29% to 75% loan-to-value and 1.48% to 80% LTV with a £1,450 fee, although the lender is also offering fee free rates at 1.74% to 60% LTV, 1.89% to 75% LTV and 1.95% to 80% LTV.
The firms will have access to HSBC’s full range of residential mortgages such as its 10-year fixed rate mortgage at 2.79%, its 5-year fix at 1.99% and 2-year fix at 0.99%.
Mortgage balances reached £34bn in H1 2016, up from £33.3bn in H2 2015, while statuary profit before tax stood at £99.9m, down from £111.2m in H1 2015.
Business is maintaining traction, with minimal transactions falling through
Lender recruiting as enquiries soar
The lender’s 3-year fixes include a rate of 2.39% to 60% LTV and 2.89% to 75% LTV with a £1,995 fee, while with no fee they stand at 2.89% to 60% LTV and 3.39% to 75% LTV.
Launched in April 2014, Commercial Trust is already one of the largest commercial finance brokers in the UK.
According to Hometrack’s UK Cities House Price Index London growth stood at 13.7% in June despite signs of activity dropping off, as in the past three months 8% fewer homes were sold compared to the 12 month average.
The bank lent £23.1bn after attracting £3bn worth of applications from brokers in H1.