Bank announces tie-up with real estate brokers to widen availability of mortgages
Global banking giant HSBC said on Wednesday it was expanding its mortgage business in the UAE by making deals available through real estate brokers.
HSBC said it is increasing opportunities for customers to access competitive mortgage deals in Dubai by widening the availability of its mortgages through three brokers.
The three brokers are Allsopp & Allsopp Mortgage Services, Home Matters and Lion Mortgage.
HSBC’s entry into the broker market is part of its growth strategy to expand the mortgage portfolio and provide multiple access points for customers.
Dedicated HSBC mortgage advisors have been assigned to the brokers to help them fulfil customers’ requirements effectively and swiftly.
For approved UAE properties, HSBC said it offers interest rates starting from 3.24 percent with finance of up to 80 percent of the property value for UAE nationals, and 75 percent for expats.
Originally published in http://www.arabianbusiness.com/banking-finance/388873-banking-giant-hsbc-moves-to-increase-uae-mortgage-deals