6 July 2012

HSBC approved £10.6 billion worth of mortgages between January and June 2012. This shows a 16% increase when compared with the last time last year. Encouragingly, £2.7 bn of this figure was granted to first-time buyers.

Peter Dockar, Head of Mortgages at HSBC noted on mortgagestrategy.co.uk that: “At a time when many other lenders are contracting their lending, we remain committed to helping more customers who aspire to own their own home and we approved a record number of mortgages in the first half of this year.”

“So we can help an increasing number of customers finance their homes we are extending our mortgage funding pledge by an extra £2 billion, meaning HSBC will make at least £17 billion available to UK home owners this year.”

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