HSBC has confirmed it will lend up to £15bn in mortgages to UK homeowners in 2009, an increase of 20% on its lending this year, and almost double what it lent in 2007.
The lender - which does not pay proc fees to advisers - lent £7.8bn in UK mortgages in 2007 and £12.8bn this year. The lender says it remains very much open for business. Paul Thurston, managing director of HSBC UK, explains: "By some estimates, net mortgage lending in the UK will fall next year, but HSBC has no intention of closing its doors to customers, nor will we compromise our reputation for responsible lending." Alan Keir, co-head of commercial banking at the lender, adds: "This is new money, new money to support struggling small businesses that bank with us. We have heard that the...
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