HSBC selling mortgage products again for 'limited time' after pulling deals amid market chaos

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HSBC selling mortgage products again for 'limited time' after pulling deals amid market chaos
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HSBC pulled mortgage products yesterday, but now appears to have reinstated them for a limited period of time CallumCMason reports

In an email to brokers, the lender said it was reinstating them for a “limited time” whichunderstands to be from 3pm to 5pm on Friday afternoon, although they could be pulled earlier if demand is high.On Thursday the bank had told brokers it would withdraw all its loans at 5pm – but ended up pulling them earlier than this.that only deals via brokers were pulled and all products and rates for existing customers are still available.

A HSBC UK spokesperson said: “We remain open to new mortgage business, however to help ensure that new customers get the best possible service we occasionally need to limit the amount of new business we can take each day via broker services. We continue to review the situation regularly.”Related Article

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