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.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
2 weeks ago
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