London-based HSBC Group said Wednesday it will tie up with two Japanese real estate companies to extend mortgage loans to foreign residents so they can buy property in Japan more easily.

The deal was to be announced Thursday.

The two partners are Mitsui Real Estate Sales Co., one of the leading Japanese real estate firms, and Ken Corp., which specializes in handling real estate for foreigners.

Under the new loan program, the group's wealth management service, HSBC Premier, will provide financial services to those with liquid financial assets worth ¥10 million or more.

Japan Times