HSBC on Sunday bucked the trend for banks to pull out of the shrinking mortgage market by announcing plans to make £15bn ($22bn) of loans to UK homeowners next year – double the equivalent amount it lent last year.

The move is a surprise from one of the few big high street banks not to have been bailed out by the government, as most analysts expect lenders to continue pulling back from mortgages while house prices fall and defaults rise.

via FT.com / UK / Business – HSBC to double mortgage lending.

Advertisements