The new product range includes a two year fix at 1.69% for up to 70% LTV down from 1.74%, and continuation of its two year discount rate at 0.99%, available for up to 60% LTV.
HSBC's new range also includes two year fixes up to 60% LTV at 1.89% and 70% LTV from 2.69%.
The bank's three year fix at 85% LTV now starts from 3.09%, while its five year fix has been reduced from 3.44% to 3.29%.
The agreement with London & Country, announced today, will see the mortgage broker offer HSBC’s full residential mortgage range to their brokers from 3 August 2015. This follows on from its successful partnership with Countrywide, announced last year.
Tracie Pearce, Head of Mortgages at HSBC, said:
“We are committed to helping customers take their first step onto, or move up, the property ladder, and these new lower rates will be welcome, as will the news that we are making these rates available to more people.
“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.”
David Hollingworth, London & Country, added:
“We’re sure that the broad range of competitive HSBC mortgage deals will carry significant appeal for our advisers and their clients. 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.
“Given the appetite of HSBC, the successful completion of this next phase should pave the way for a broadening of access to other members of Legal & General’s distribution.”
