HSBC approves record £4.9bn in Q1

HSBC approved £4.9bn in mortgages in the first three months of 2012 – 9% more than a year ago and the highest quarterly amount it has ever approved.

Of this figure, £1.2bn was approved for first-time buyers – an annual rise of 18% and an average of £93m per week or £19m per day.

Earlier this year the bank confirmed it would be making at least £15bn in mortgages available to home owners in 2012, including £3bn for first-time buyers.