The bank’s results of the first half of the year revealed its mortgage lending was up from £4.92bn in H1 2010, continuing its steady rise in the UK mortgage market.
HSBC said that, since 2007, it has increased its gross mortgage lending in the UK by almost 70% and quadrupled its market share of new mortgage lending from 2.5%.
It said that it continues to accept around nine out of ten mortgage applications, with first-time buyers accounting for 28% of its mortgage borrowing in the past six months.
The results show that HSBC maintained a “conservative” average LTV on new mortgage lending of 53%.
It added that the majority of mortgage lending was to existing customers holding current or savings accounts with the bank.
The strong lending underpinned a “solid” performance in H1, HSBC said, as it revealed UK pre-tax profits of £843m, an increase of 29% on the first half of 2010.
Joe Garner, head of HSBC UK Retail Banking, said: “We continue to punch well above our weight in most markets and we remain fully committed to helping the UK economy continue to recover.”
However, globally, HSBC has revealed it plans to shed 25,000 jobs by 2013 and exit operations in 20 countries in a bid to save billions of dollars.
The move comes despite the group revealing a surprise 3% rise in pre-tax profits to $11.5bn (£7bn) in H1 compared to a year earlier.
While the bank has already announced 5,000 job cuts, 700 of which are in the UK, it said it did not expect any of the new job cuts to fall in Britain.
