The Return of the 90% Mortgage
30/09/2009
HSBC is making £500m available to homebuyers who have 10% deposits.
Martijn van der Heijden, head of mortgages at HSBC, said the housing crash seemed to be over and prices were recovering.
“It is a different picture today – houses prices seem to have bottomed and rates are low – and many of those who put off their purchase last year are starting to look around again,” he said.
Figures released today by the Bank of England showed that mortgage lending continued to improve last month.