Browse
related articles
HSBC eases mortgage lending rules
- United Arab Emirates: Tuesday, March 31 - 2009 at 16:21
HSBC Bank Middle East Limited, which had drastically cut back on mortgage lending due to the credit crunch, today announced that it raised its loan-to-value ratio for financing to 75% on completed villas, 70% on completed apartments and 50% on off-plan units. Prior to today's increase the bank's loan-to-value ratio had been 60% for villas and 50% for apartments. Abdulfattah Sharaf, CEO of Personal Financial Services, HSBC Middle East, said the offer is mostly aimed at 'end-users who have recently faced acute difficulties getting affordable mortgage finance'.
Related Content
Article Options
StaffTuesday, March 31 - 2009 at 16:21 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
