Connect for Intermediaries has appointed HSBC to its mainstream residential panel for its network.
HSBC UK for Intermediaries will be providing rates through Connect starting at 1.54% for a 2-year fixed rate and from 1.84% for 5-year fixed rate, both at 60% loan-to-value.
Different rates are also available at higher LTVs. HSBC will pay Connect’s brokers a procuration fee of 0.40% on every deal.
Liz Syms, (pictured) chief executive of Connect for Intermediaries, said: “While the Connect network is well known for specialist lending and buy-to-let, it is less well known that we have an extensive and flourishing mainstream residential panel too.
“The addition of HSBC helps to reinforce the strength and depth we have across every lending area, providing our network members with extensive access to lenders and rates across every part of the mortgage market.”
Connect’s members will be able to introduce clients up to a maximum age of 80 and HSBC will accept earned income from both employed and self-employed borrowers up to this age. It will also accept a wide range of property types.
The HSBC products are also extended to UK expats. The lender will accept people living in 22 different specified countries, earning income in up to 165 different currencies.