31/07/2026
Do you have a home loan with HSBC?
This week, HSBC announced it is exiting retail banking in Australia and has sold their loan book to Blackstone, a US Asset Management company. This means your HSBC home loan will transfer to Blackstones chosen manager, Pepper Money. The transfer of loans is expected to commence early 2027.
Pepper Money are a large non-bank lender that have operated in the Australian market for many years.
This acquisition may not be the desired outcome for many HSBC customers due to loss of branch network, a different internet banking platform, transitioning to a non-bank and the ceasation of whole of banking offerings.
If you would like to discuss the impact for your circumstances please reach out to the Mortgage Choice Wantirna, Eltham, Boroondara and Ringwood offices and chat with one of our experienced brokers.
☎️ 03 9432 5484
📱 Hannah Fox 0468 380325
📱 Brendan Moon 0428 152227
📱 Dwayne Brittain 0428 434084
https://lnkd.in/gAUu3YD