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.
Great News – we’ve further enhanced our residential lending criteria
Following on from the recent enhancement to our fixed-term contract policy, we’re delighted to announce that we’ve also increased the maximum loan amounts across a range of LTV bands and aligned the limits for Additional borrowing applications*— giving your customers greater flexibility, particularly on higher-value cases.
With immediate effect, the following changes are now in place for Residential lending on houses:
*Subject to valuation
**Please note, the above changes only apply to houses and there are no changes to the current lending limits for flats.
***The maximum LTV for a Remortgage is 90%.
For a full list of our new limits and LTV tiers please refer to the Residential Lending Criteria section on our Broker website.
We’re decreasing our rates
With effect from Wednesday 19th August, we’ll be making a number of reductions across our residential and BTL mortgage rates.
We’ll also be introducing 80% and 85% LTV options for our High Value Mortgage products.
Click here to view the upcoming changes.