LONDON, 06-Dec-2016 — /EuropaWire/ — Lloyds Banking Group today announced plans to continue supporting mortgage borrowers beyond the end date of the government’s Help to Buy: mortgage guarantee scheme on 31st December 2016.
A new range of products for borrowers with deposits of 5% will be launched through the Group’s Halifax, Lloyds Bank and Bank of Scotland brands.
Full details of the new product range and policies will be announced in December.
Chris Gowland, Mortgage Products Director, Lloyds Banking Group, said: “As a leading supporter of the Help to Buy: mortgage guarantee scheme through Halifax, Lloyds Bank and Bank of Scotland, continuing to lend to this area of the market is a key part of our commitment to helping first-time buyers on to the property ladder.
“Our new product range is designed to help home movers and first-time buyers with smaller deposits following the end of the scheme, and we will announce full details in the coming weeks.”
Note to editors Applications for the Help to Buy: mortgage guarantee scheme will be accepted until 31 December 2016.
The end of the government’s Help to Buy: mortgage guarantee scheme on 31st December 2016 does not affect the Help to Buy: equity loan and Help to Buy: Isa schemes.
SOURCE: Lloyds Bank plc
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