HSBC IN PLEDGE TO PUSH UP MORTGAGE LENDING

Following on from my previous blog regarding access to 95% mortgages I was pleased to read a pledge by HSBC confirming that they are to lend 15 billion pounds in mortgages this year with 3 billion pounds earmarked for first time buyers. If they achieve this pledge this would represent a market share of in excess of 11% making HSBC the fifth largest UK lender. This is a very positive pledge especially in relation to first time buyers. As I have always argued it is very important for the housing market to get house first time buyers on the ladder to get the whole market moving. I hope this is the start of many positive announcements from lenders in relation to mortgage lending and I will keep you advised.

Lindsay Darroch
Partner & Head of Property

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

Join 1,317 other followers