HSBC says £15 billion on offer for homeowners

Published 19th Jan 2012

HSBC said it will make 15 billion pounds available for UK homeowners to borrow this year, potentially providing 150,000 mortgages and likely to increase its share of business in a shrinking market.

HSBC said its planned lending includes 3 billion pounds for first-time buyers, potentially for about 27,000 borrowers.

With the UK mortgage market expected to shrink this year, HSBC said its lending could give it a market share of more than 11 percent of new business. The bank's share of the UK mortgage market is about 5 percent, but it said it provided about 11 percent of new mortgage lending in the first half of last year.

Source: ' Reuters '

View All Latest News