Hsbc to re-enter uae

HSBC has announced that it will re-enter the UAE mortgage market and ease its lending rules, according to Arabian Business...

The bank, which withdrew from the UAE property market in light of the credit crunch, will now offer 75 per cent loan to value (LTV) on completed villas, 70 per cent on completed apartments and 50 per cent on off-plan units, it confirmed this morning.

HSBC's previous LTV ratio was 60 per cent and 50 per cent for villas and apartments.

Source: www.homesoverseas.co.uk/news