Battle between lenders intensifies as bank seeks bigger share of mortgage market

HSBC is to lend an extra £35bn to homeowners, further intensifying the battle among mortgage lenders to offer ultra-competitive deals to customers.

The bank, which began its drive to become a major force in the British mortgage market in 2014 and currently has about £100bn in loans on its books, is aiming to expand from an estimated 7% to about 11% of the UK market.