HSBC to Lend at Least GBP 15 Billion to UK Mortgage Borrowers in 2012
(firmenpresse) - LONDON, UNITED KINGDOM -- (Marketwire) -- 01/19/12 -- HSBC today announces that during 2012 it will make available at least GBP 15 billion in (Tl1) to UK homeowners, including GBP 3 billion specifically set aside for first time buyers. With the UK mortgage market expected to shrink in 2012 according to the CML, this commitment by HSBC represents a market share of over 11%, inline with the largest market share the bank has ever had.
In the first half of 2011, HSBC lent a total GBP 6.7 billion in residential mortgages, 35% more than a year previously.
Of the GBP 15 billion HSBC will be making available for 2012, the majority will be new money into the mortgage market, effectively making the bank one of the largest providers of new mortgage funding in the UK. This commitment will help in the region of 150,000 homeowners and over 27,000 first time buyers.
Martijn van der Heijden, Head of Lending at HSBC, said "In 2011 we offered UK borrowers some of the most competitive rates around and we plan to continue this in 2012. While some estimates suggest mortgage lending in the UK will fall this year, HSBC has no intention of closing its doors to customers, nor will we compromise our reputation for responsible lending.
"Today's announcement to make at least GBP 15 billion available to UK homeowners with GBP 3 billion explicitly for first time buyers demonstrates HSBC's commitment to continuing to help people move up or indeed take the first step onto the housing ladder."
The bank's 2012 GBP 15 billion mortgage fund will be subject to HSBC's normal credit criteria and lending process to ensure that new lending is appropriate and in the best long-term interests of its customers and shareholders.
About HSBC Mortgages
HSBC is currently offering a number of market-leading mortgage products including:
(Tl1)Hyperlink to:
Note to Editors
(i)CML forecasts GBP 133 billion gross mortgage lending in 2012, HSBC's GBP 15 billion represents 11.3% of this figure
HSBC mortgages are only available directly from HSBC - they are not available from brokers or any other intermediaries.
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HSBC Bank plc: HSBC serves 16.1 million customers in the UK and employs approximately 52,000 people. In the UK, HSBC offers a complete range of personal, premier and private banking services including and . It also provides commercial banking for small to medium businesses and corporate and institutional banking services. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc.
The HSBC Group: HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,691bn at 30 June 2011, HSBC is one of the world's largest banking and financial services organisations.
Contacts:
Suman Hughes
020 7992 2748
Simon Coughlin
020 7992 1574
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Datum: 19.01.2012 - 15:39 Uhr
Sprache: Deutsch
News-ID 105910
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LONDON, UNITED KINGDOM
Kategorie:
Personal Finance
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