HSBC is rolling out a key change for mortgage holders and customers, it has announced. The high street banking giant, which is rivalled by the likes of Santander, Lloyds, NatWest, Nationwide and more, is expanding its global portfolio with additional Buy-to-Let mortgage options.
It has expanded international Buy-To-Let and residential mortgage services adding five additional markets including Egypt, Malaysia, Philippines, Qatar and Taiwan For the first time international Buy-To-Let mortgages will be accessible to mortgage brokers.
Australia, Hong Kong, Singapore, Switzerland, UAE, USA, Guernsey, Isle of Man and Jersey can also access the bank’s international services. Chris Pearson, Head of Intermediary Mortgages at HSBC UK said: “Our broker partners provide us with a critical barometer around how we shape our proposition in order to help even more customers with their mortgage needs.
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“That’s why the introduction of an international Buy-To-Let offering, plus the incorporation of another five countries to our roster, will be a great addition to their suite of products. With HSBC’s global heritage, we are ideally placed to support our brokers in this market segment.”
Emma Hollingworth, Head of Specialist Lending at HSBC UK said: “Investment into the UK property market by overseas investors can help towards keeping the important balance between supply and demand, potentially helping keep a lid on rental prices, which is important at a time when cost of living challenges are still with us and maintaining financial resilience is key.
“We are excited to be expanding availability of our international BTL mortgages to brokers in addition to accepting applications from residents in five more countries. With demand for rental properties remaining high, we hope our expansion in the international Buy-to-Let market could open up new mortgage corridors and support growth in the private rental sector; whilst at the same time being a stable investment for our international customers.”
