Plans to increase lending to homeowners by 20% in 2009, have been announced by HSBC. The bank is set to raise it’s available mortgage funds to £15billion for 2009, doubling the amount lent in 2007.
HSBC estimates that it will have lent £12.8billion during this current year. The bank has already announced the availability of increased [...]
UK Finance News
Entries from December 2008
HSBC to increase mortgage loans by 20%
John Williams - Monday 08.12.08, 11:59am
Tags: Banking · Personal Finance · Property Market · UK economy · UK interst rates
Interest rate cut means cheaper money, but who will lend?
John Williams - Thursday 04.12.08, 14:32pm
The Bank of England continued it’s crusade to guide the UK out of recession, announcing a further interest rate cut of one percent today.
The base rate now stands at just 2% the lowest figure on record since 1951, but the statement from BoE suggests that further cuts may be needed to stave off a deep [...]
Tags: Banking · Personal Finance · UK economy · UK interst rates
