Britain’s biggest lender is to offer 100% mortgages to
first-time buyers in a return to lending last seen before the financial crash –
but only if the buyer has family that can stand behind the loan. Under the new
Lloyds Bank “Lend A Hand” deal, a first-time buyer will be able to borrow up to
£500,000 for a new home, without putting down a penny of deposit. The Lloyds
move marks a major expansion into the first-time buyer market, as most other
mainstream lenders demand a minimum deposit worth 5% of the property purchase
price, although Barclays has offered a similar “family springboard” deal.
Lloyds has priced the mortgages to undercut the Barclays offer. Read more on
the Guardian website.
Country diary: The challenge of making a thatched roof pine-marten proof |
Tom Allan
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*Glenisla, Angus:* Damage by squirrels is common; the mustelid less so.
Still, as a local told me, ‘you cannae blame them wanting somewhere to live’
That...
1 day ago
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