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Move to allow loans up to 5.5 times household annual income could prompt others to follow suit, say brokers Britain’s biggest mortgage provider is increasing the maximum sums it is willing to lend first-time buyers in a £2bn move that experts say will bring homeownership within the reach of more people but could further fuel house price rises.Lloyds Banking Group’s decision to let people borrow more means those who meet the criteria may be able to buy a property they might have assumed was well out of their price range. Continue reading…
Move to allow loans up to 5.5 times household annual income could prompt others to follow suit, say brokers
Britain’s biggest mortgage provider is increasing the maximum sums it is willing to lend first-time buyers in a £2bn move that experts say will bring homeownership within the reach of more people but could further fuel house price rises.
Lloyds Banking Group’s decision to let people borrow more means those who meet the criteria may be able to buy a property they might have assumed was well out of their price range.
