View more on these topics

HSBC’s gross lending increases by £1.6bn in 2010

Gross mortgage lending at HSBC increased to £15.4bn in 2010, up from £13.8bn in 2009.

Its market share of new loans stood at 8.8% while its total mortgage book now equal to 5.2% of UK mortgage lending, a record for HSBC.

Its repossessions were just 1.4% of UK total.

But the average new loan was just 54%LTV, up from 52% in 2009, while for first-time buyers it was 72.1% LTV.

The bank increased its lending to first-time buyers by a whopping 16.7% to £2.7bn last year.

Pre-tax profits for the bank more than doubled from £4.4bn in 2009 to £11.8bn last year but its shares still fell this morning.



Don’t consider FTB crisis in a vacuum

It’s been a busy few weeks in the world of mortgages. I seem to be spending much of my time in summits, be it self-build or first-time buyers, or being interviewed about them. One such event that has been on my mind of late is the Grant Shapps-led group on first-time buyers. Everyone knows it […]

Banks embrace social networks

The future of banking is one of the key topics of this month’s Lending Zone round table discussion. Social networking is increasingly changing the way that we live our lives and carry out business transactions. Nowhere is this more apparent that in the business of banking. There was an interesting article in The Times recently […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article


News and expert analysis straight to your inbox

Sign up