HSBC to lend extra £35bn to UK home buyers as mortgage approvals hit two-year high

Pedro Gonçalves
clock • 1 min read

HSBC is making a push into British mortgages with plans to lend an extra £35bn to homeowners as mortgage approvals for house purchase hit a two-year high,  the latest figures from the Bank of England show. Ian Stuart, HSBC UK's chief executive, said the bank plans to increase its market share from roughly 7% to more than 10%. "I think our natural share's about 11%, but I don't look out too far. We're about £100bn today, so getting up to £135bn . . . seems sensible to me," he told the FT. The lending data showed there were 67,306 mortgage approvals for house purchase last month, up 1...

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