See the latest announcement from HSBC below. Note that you can access HSBC via the Brilliant Solutions mortgage club but the lender does place some restrictions on access. Contact us for details.
HSBC Mortgage Product Guides are available here but check the date to ensure it has been updated to reflect the announcements below.
Good news – we’ve enhanced our residential lending policy
With effect from Monday 3rd November, we will be making the following changes to our residential lending policy.
Introducing Loan to Income (LTI) multiples for our Premier customers
We have introduced new LTI multiples for customers who hold a HSBC UK premier account.
Where an application is 90% LTV or less, we will apply an LTI of 6.5 x income (subject to an affordability assessment and exclusions may apply).
Please note, in order to qualify for the higher LTI at least one applicant must hold a Premier account at the point of submission.
We have also enhanced our affordability calculator to allow you to select a Premier customer and access the new loan to income multiples.
The calculator will now show two maximum loan amounts based on whether a rate of less than 5 years or 5 years or greater is selected, providing additional options for your customers’ borrowing needs.
For full details of the changes and to view our LTI table(s) please visit our Broker website.
Current Service Levels
Please note, our Service Levels are now updated daily on the broker website. Before contacting our Broker Support Team for a case update, please check the case tracking facility and the messages section on our broker portal.