View more on these topics

HSBC to triple B2L lending this year

HSBC has revealed that it is on track to triple buy-to-let lending in 2012.

Speaking at the HSBC Great Housing Market Debate last week on whether brands should support landlords or first-time buyers, Peter Dockar, head of mortgages at HSBC, revealed the lender’s ambitious targets for buy-to-let, although he admitted this was from a low base.

Dockar also added that the lender is equally bullish when it comes to providing funds to first-time buyers.

In January it pledged to lend at least £15bn in mortgages in 2012, with £3bn set aside for first-time buyers. This represents a market share of 11%, the largest it has ever had.

Dockar says: “We have set aside £3bn for first-time buyers and already carried out £1bn of lending to then in Q1.”


L&G unveils income-linked lifestyle cover to replace MPPI

Legal & General has launched a short-term income protection product to replace its existing mortgage payment protection insurance product for new business. The lifestyle cover product provides a monthly benefit linked to the customer’s income, rather than linking it to a specific mortgage or loan. The benefit will be paid for up to 12 months […]

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


News and expert analysis straight to your inbox

Sign up