HSBC commits to 15bn mortgage deals in 2012
www.moneynews.co.uk > HSBC > HSBC commits to 15bn mortgage deals in 2012
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Money News |
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HSBC commits to 15bn mortgage deals in 2012
Thu 19th Jan 2012
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It is hoped that the promise will help to fund purchases for up to 150,000 home buyers during the next 12 months, with the company revealing this commitment amounts to 11 per cent of all mortgage borrowing that has been predicted for 2012.
Martijn van der Heijden, head of lending at HSBC, said: "Today's announcement ... demonstrates HSBC's commitment to continuing to help people move up or indeed take the first step on to the housing ladder."
He added that £3 billion of the £15 billion investment will be made solely available to the UK's first-time buyers.
The news follows a recent announcement by Halifax that affordability for first-time buyers is now at its best level since 2003.
Results of the company's First-Time Buyer Review showed the average house price paid by new buyers in November was affordable for someone on average earnings in 44 per cent of all local authority districts.
Click here for more mortgages news
Related News : HSBC |
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