More advisory firms added to HSBC panel

June 10, 2020 by Brendan O'Neill

Mortgage Advisors

HSBC has announced that more mortgage advisory firms have signed up to its advisor panel, taking the total number of companies that can access the lender’s product range up to 200.

Close to 50 more firms have been added to this panel since the beginning of 2020, with Sense Network, Wyse Services, V Protect, Ethos Financial Services, and Independent Mortgage Centre being the newest additions. This means that the total number of individual mortgage advisors who are now able to access the range of mortgage loans offered by HSBC has reached 13,500.

The intermediary mortgages head at HSBC UK, Chris Pearson, told Mortgage Strategy that he was thrilled that over nine out of ten UK advisors were now free to recommend HSBC mortgage loans to their clients.

He went on to say that advisors were performing a more crucial role than ever before during the current pandemic, because many people have had their personal situations directly affected by it and need specialist advice to be able to find a product that fits their new circumstances. He added that HSBC had worked hard to develop its relationship with advisors since moving away from offering direct-only products, before concluding:

“From introducing a dedicated broker platform and website to helping them contact us quickly through live chat, increased telephone resources (with the team currently fully working from home) and introducing telephone BDMs.”

Advisors have clearly concluded that panels like this are to their professional benefit, like taking the CeMAP course needed to demonstrate that they are fully qualified.