HSBC is making an additional half a billion pounds of mortgage funding available to home buyers with deposits of just 10%.
The bank says it has now reached the £1 billion it committed to lending earlier this year, meaning HSBC will now make £1.5 billion available to home buyers requiring 90% loan to value in 2009.
Martijn van der Heijden, head of mortgages at HSBC, said: “We committed £15 billion to mortgage lending in 2009 – double our 2007 lending – and £1bn of this was made available exclusively to home buyers with deposits of just 10%. Demand has been very strong and we have reached this target