Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market

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Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market

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"It is against this backdrop that Lloyds has decided to launch its ‘Lend a Hand’ mortgage. The scheme is part of a commitment by the bank to lend up to 30 billion to first-time buyers by 2020. The goal is not to stoke a new property boom but rather to keep the current one alive."

You’re considered a first-time buyer by Lloyds Bank if you’ve never bought a property or had a mortgage before. If you’re applying with another person, only one of you needs to be a first-time buyer in order to be eligible. The ‘Lend a Hand’ mortgage is available if you’re buying a home in England or Wales, and want to borrow up to 500,000.

Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market.

Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market Weekend Picks: Best bets for fun Sept. 23-25 » mortgage masters group Categories

The move comes as part of a strategic review by Lloyds on its interest-only proposition which saw it increase the price of interest-only mortgages in March. Borrowers now have to pay 0.2 per cent.

Stephen Noakes, commercial director, mortgages, at Lloyds TSB, remarked: "The aim of Local Lend a Hand is to make the housing market more accessible to first-time buyers in Blackpool, and it’s great to see Gianpaulo and Kathryn move into their new home so quickly with the help of the scheme.

How To Refinance From An ARM To A Fixed-Rate Mortgage Lloyds Bank Resurrects 0%-Down Adjustable-Rate Mortgages for First-Time Buyers to Prop Up UK’s Housing Market This weekend: Vero Beach Air Show, Earth Day events, Fairy and Pirate Festival, Water Fest Mortgage Masters Group These are the best events and things to do this weekend in port st. lucie, Stuart, Vero Beach, Fort Pierce and Jensen Beach.

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