Cost of battle for mortgage market share

  • Story by: Emma Ann Hughes
  • Magazine: MortgageAdviser
  • Published Wednesday , July 02, 2008

Following the battle of dual pricing, the latest fight seems to be for mortgage market share and that is a scrap clearly being fought out against mortgage advisers in many HSBC branches.

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Many advisers have moaned to the Mortgage Adviser team in recent weeks about how much business they had lost to HSBC’s Rate Matcher deal.

When the bank told Mortgage Adviser this week that its market share had leapt from 3 per cent to about 9 per cent in the last few months, we were hardly surprised.

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