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HSBC temporarily withdraws mortgages via broker services
HSBC temporarily withdrawn mortgages via broker services, the bank has confirmed.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
This decision to withdraw these rates can ensure it can stay within its operational capacity and meet its customer service commitments.
A spokesperson for the bank said: “We remain open to new mortgage business, however to ensure we meet our customer service commitments we occasionally need to limit the amount of new business we can take each day via brokers.
“All products and rates for existing customers are still available, and we continue to review the situation regularly.”
The news comes as Nationwide said it’s hiked fixed mortgage rate for new borrowing from today (9 June). Among these changes, it said two, three and five-year fixed-rate deals for people with a five percent deposit will increase by 0.01 and 0.20 percentage points – with rates starting from 4.69%.
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