In January direct-only lender HSBC confirmed it would be making at least £15bn in mortgages available to UK homeowners in 2012, including £3bn specifically set aside for first-time buyers.
By the end of March HSBC had already approved £4.9bn in mortgages to UK borrowers with £1.2bn of this approved to first-time buyers.
Peter Dockar, head of mortgages at HSBC, said: “We are committed to helping UK borrowers with the aspiration to own their own home and continue to offer competitive rates to both first-time buyers and existing homeowners.”
