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.