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HSBC boost lending

While other banks predict even tighter lending conditions next year, HSBC has pledged to lend £15bn

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HSBC will increase its mortgage lending by 20% in 2009. Mortgage data showed last week that UK banks had approved the fewest mortgages since 1999.

As the bank prepares to set aside £15bn (nearly twice as much as in 2007), the managing director says that it has ‘no intention of closing its doors to customers’ next year.

Paul Thurston says: ‘We remain open for business to the tune of £15bn.’

Banks in the UK have faced pressure to increase lending to small businesses amid the economic downturn following the Government's £37bn bail-out of the sector, which did not include HSBC.

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Country Life

Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by His Majesty The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.

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