HSBC is now allowing intermediaries to share self-employed mortgage borrowers’ financial details through open banking.

Using technology enabled through a partnership with Experian, intermediaries who share their clients’ business bank statements in this way will see a reduction in the time needed to go from mortgage application to offer.

Would-be borrowers will no longer need to acquire three months of commercial statements in physical form.

The client must be banking with an institution that allows data sharing with Experian, a full list of which is below:

• Lloyds
• Halifax
• Bank of Scotland
• Natwest
• RBS
• Ulster Bank (GB and ROI)
• HSBC
• First Direct
• M&S Bank
• Nationwide
• Santander
• Bank of Ireland
• Danske Bank
• Barclays
• Barclaycard
• MBNA
• Monzo
• Tesco
• TSB
• Revolut