You are here: Home - Mortgages - Buy To Let - News -

Lloyds pledges £5bn mortgage lending to FTBs in 2012

0
Written by:
30/07/2012
Lloyds Banking Group has pledged to lend £5bn to first-time buyers before the end of 2012 across all its mortgage brands – the largest commitment made by a lender to help that sector.
Lloyds pledges £5bn mortgage lending to FTBs in 2012

In the first six months of the year, Lloyds said it has helped over 25,000 people take their first steps onto the property ladder. It expects its lending pledge to help over 50,000 people buy their first home by the end of 2012.

Stephen Noakes, mortgage director at Lloyds Banking Group, said: “This commitment is not about paying lip service. It shows that we’re providing genuine solutions for people buying their first home.

!It’s important that we dispel some of the myths about first-time buyer mortgages. People can buy a home with a 10% deposit, or even 5% through the NewBuy scheme.

“Getting things right at the bottom of the ladder has an important knock on effect throughout the chain. With our unrivalled commitment to affordable housing, new build through Halifax, and innovative products such as Lloyds TSB’s Lend a Hand, we’re not targeting our support at a select few, but making home ownership a reality for a whole generation of buyers.”

Halifax and Lloyds TSB last week refreshed their product ranges, reducing product rates including NewBuy and new build by up to 0.20%. From Friday, first-time buyers with a 10% deposit can also benefit from £1,000 cashback in Halifax branches.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2195279-uk-money
PPI now on course to be the biggest consumer financial scandal of all time

High Street giant, HSBC has announced today that it will be setting aside £340m for PPI claims, bringing the total...

Close