19 Jan

First-time buyers boost from HSBC

First-time buyers boost from HSBC

First-time buyers of UK property could soon see a boost in their ability to buy from one of the main high-street lenders, as it ups what it will spend on mortgages over the next year.

HSBC has said that in 2012, it will be looking to spend £15 billion on new mortgages, with a full £3 billion of this being reserved for those who are buying for the first time, which is good news for people looking for property for sale in Brixham.

Martijn van der Heijden, head of lending at HSBC, said: "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."

Last year, the Financial Services Authority released guidelines for mortgage lending which it said would mean borrowers would face greater scrutiny, a move designed to alleviate the risk of a return to irresponsible lending in the future.ADNFCR-1222-ID-801269739-ADNFCR

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