HSBC returns to Aussie mortgage market

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London-based HSBC has just announced it had returned to the broker channel after a 10-year absence, partnering with Aussie Home Loans.

HSBC has become the 21st lender on the Aussie Home Loans panel.

Alice Del Vecchio, HSBC’s head of mortgages and third-party distribution, said the bank is excited about partnering with one of Australia’s leading brokerages. “Our mortgage book has grown significantly over the past few years and now we’re ready to stretch it beyond the geography of our branch network with mortgage brokers. HSBC has a range of competitive products that we believe will be well-received by customers and brokers,” she said.

James Symond, CEO of Aussie Home Loans, said the partnership brings together two brands that are focused on delivering greater competition to the home loan market. “Our HSBC partnership will now provide Aussie’s customers with a greater choice of mortgage products, while giving our brokers access to consumers attracted to the strong HSBC offering, the majority of whom are high-net worth,” he said.

Aussie Home Loans will be able to offer its customers HSBC’s wide array of basic and fully-featured home loans, as well as the opportunity to access HSBC Global Premier, HSBC’s premium offering for customers.
 

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