(IN BRIEF) Lloyds Banking Group is increasing its First Time Buyer Boost by £4 billion, raising the loan‑to‑income cap to 5.5 times earnings to help more high‑LTI first‑time buyers secure mortgages. Since August 2024, the scheme has supported 11,000 new homeowners with over … Read the full press release →
Posted in Banks, Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged 5.5× income, Andrew Asaam, Deposit, first‑time buyers, First Time Buyer Boost, Halifax, high loan-to-income, home ownership, intermediaries, Lloyds Bank, Lloyds Banking Group, loan‑to‑value, LTI, mortgage reform, mortgage stress test, property ladder, Shared Equity, Shared Ownership, £4 billion lending
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