HSBC deal sets precedent for more broker/lender tie-ups

Milner, Leah
June 2009
Money Marketing;6/18/2009, p20
The article reports on the prediction of John Malone, managing director of PMS Ltd., regarding the impact of the deal between John Charcol Ltd. and HSBC Holdings PLC in Great Britain. According to Malone, there will be more broker/lender partnerships reflecting the deal in line with the restriction of building societies by the Financial Services Authority (FSA). He added that the restriction could cause trigger the societies to partner with mortgage advisers in the country.


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