HSBC injects more funding at 90% LTV

The bank has now reached its £1bn lending commitment for 90% loan to value (LTV) which was set earlier this year. Martijn van der Heijden, head of mortgages at HSBC, explains demand has been very strong at 90% LTV. He says many people who were put off buying last year have started looking around again as house prices seemed to have bottomed. "We committed £15bn 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%," he says. "While other lenders were in retreat, we became the UK's largest ...