HSBC UK announces stricter eligibility criteria for its Premier account, raising the income and savings requirements to £100,000 annually or in savings. The changes, aimed at wealthier customers, impact first-time buyers seeking preferential mortgage rates.
Changes in eligibility criteria for HSBC Premier accounts have made it harder for first-time buyers to qualify for preferential rates. These changes, announced by Jose Carvalho , HSBC UK's wealth and personal banking head, on November 20, now require customers to earn £100,000 annually or hold £100,000 in savings or investments. Previously, the criteria allowed for those earning £75,000 or holding £50,000 in savings to qualify.
The new criteria are part of a broader shake-up aimed at positioning HSBC Premier for wealthier customers with between £100,000 and £2 million to invest
HSBC Premier Account Mortgage Rates Eligibility Criteria Wealthier Customers Jose Carvalho
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Winter fuel payment DWP response 'in days' over eligibility changeInfluential Commons committee has demanded answers and has called for the DWP to extend the criteria so more people get the vital money
Read more »
State pensioners urged to check their eligibility for Pension CreditYou may also be entitled to the Winter Fuel Payment, the Warm House Discount, social tariffs, cheaper broadband, free TV licences and lower water bills
Read more »
DWP urges households to check eligibility for winter financial supportThousands of low-income households in Scotland are also due a £58.75 one-off payment next month.
Read more »
Imane Khelif to take legal action after fresh gender eligibility claimsImane Khelif, 25, won gold in the women's welterweight category at the Paris Games.
Read more »
North Tyneside couple urge others to check pension credit eligibilityPensioners Eddie and Maggie, from Wallsend, will get £10,000 a year after they were helped to apply.
Read more »
Millions to enjoy DWP Christmas bonus - eligibility and key datesThe payment will appear with a specific code on your bank statement
Read more »