News Tag: 10% deposit
September 30, 2009
HSBC is boosting the UK mortgage market with extra cash for buyers with a 10% deposit.
The bank is promising to increase mortgage lending in this category by £500 million, taking its total commitment for 2009 to £1.5 billion.
The move will be particularly helpful to first-time buyers, many of whom have been excluded from the property market by fierce loan-to-value ...
HSBC ups lending for those with 10% deposit
by Gill Montia
June 14, 2009
The plight of would-be first-time buyers is highlighted by new research from Moneysupermarket.com.
According to the price comparison website, home loans requiring a 10% deposit have all but disappeared in the credit crisis with only 102 available today, compared with 3,124 in January 2007, a decline of 97%.
First-time buyers are also being penalised on interest rates with the average rate on ...
Demise of 90% LTV blocks first-time buyers
by Gill Montia
April 8, 2009
HSBC is launching a range of home loans with first-time buyers in mind.
The new mortgage offering includes a two-year fixed-rate with a maximum 90% loan-to-value ratio, at 4.99% and with a fee of £1,499.
Also likely to be of interest to house purchasers with a 10% deposit is the lender's two-year fixed-rate loan at 5.49%, with a smaller fee of ...
HSBC launches new home loans for first-time buyers
by Gill Montia
