The expansion of HSBC UK’s international buy-to-let mortgages will let more than 23,000 mortgage brokers in the UK facilitate UK property investments for residential across 14 countries and regions
HSBC UK will offer brokers with access to its international BTL mortgages, and has added a further five countries to its eligibility list.
The expansion of HSBC UK’s international buy-to-let mortgages will let more than 23,000 mortgage brokers in the UK facilitate UK property investments for residential across 14 countries and regions.
HSBC UK has grown its BTL and international BTL availability, with residents from Egypt, Malaysia, the Philippines, Qatar and Taiwan now able to invest in the UK property market through buy-to-let and residential mortgages through the lender.
Those from Australia, Hong Kong, Singapore, Switzerland, the UAE, the US, Guernsey, the Isle of Man and Jersey can also access the bank’s international services.
HMRC data shows that investments in the UK property market by international investors rose in 2023, accounting for 1.4% of all property transactions in the year ending March 2023. This is a 20% rise on the prior year.
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.
He added: That is why the introduction of an international BTL 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, noted: Investment into the UK property market by overseas investors can help towards keeping the important balance of 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, she said.
She added: With demand for rental properties remaining high, we hope our expansion in the international BTL market could open up new mortgage corridors and support growth in the PRS, whilst at the same time being a stable investment for our international customers.