Lloyds TSB Page 2

Mortgage deals from Lloyds TSB bank

95 Per Cent Mortgage Deals

Thousands of first time buyers across England will be reading the reports in the press with baited breathe at the potential for a 95 per cent mortgage coming onto the market soon. Read more

Recently there has been a raft of financial institutions reporting and delivering the results of their strategic reviews. June will see Lloyds Banking Group, the third big lender behind Barclays and HSBC Bank plc to report on significant changes being made. The Lloyds boss, Antonio Horta-Osorio will be seen as a man on a mission at the helm of the tax supported banking group. Read more

Lloyds Tighten Interest Only Loans

A tightening of interest only deals form Lloyds has been announced recently. BM Solutions, part of the Lloyds banking group is now requesting that borrowers prove their repayment plan if they wish to take out an interest only mortgage deal. This forms part of the Lloyds strategic review and new strategy going forwards. They have reduced the maximum loan to value for interest only deals to 75 per cent and have restricted lending to less than £500, 000. Read more

Lloyds Given Clear Choice

The recent Independent Commission on Banking (ICB) may force the Lloyds Banking Group to sell quite a lot more of their business than the group had planned for and had anticipated per regulation. This may happen in order to ensure the competitive nature of the British banking market. Read more

The Winners from the ICB Review

Which banks and lenders came out of the Independent Commission of Banking’s preliminary review best, which came out worse and what is the impact on your bank. Barclays and RBS were the stand out winners and the unfortunate Lloyds Banking Group; the biggest looser. Read more

Bank Bailout in Ireland Causes More Agony

Lenders in Ireland are still desperate for additional financial support, despite the 46 billion euros that have been pumped into the system lately but the Irish government is about to make one final push. Read more

Lloyds Auction 600 Branches

Lloyds Banking Group Plc, the biggest mortgage lender in Britain, is poised to change the face of the banking network forever in the next few days. Lloyds have solicited the help of the investment giants Citygroup Incorporated and JP Morgan Chase & Co. to help find buyers for about 600 branches that Lloyds have to sell. Read more

Halifax Pay Out Over Errors

Halifax has been paying around £500 million in compensation after it emerged that their literature was far to convoluted, complicated and confusing, resulting in about 300,000 homeowners paying more than they had expected to. Read more

Halifax Launches New Mortgage Products for 2011

A new year usually sees mortgage lenders falling over themselves to offer new loans to attract new customers. But 2011 has been exceptionally quite until now, the UK’s biggest lender the Halifax has just announced a new set of mortgage deals.

Amongst the new products is a two year tracker mortgage which is priced at a little under 2.5%. The home loan which has a fee of £995 at a rate of 2.49% comes with a loan to value (LTV) of 60% so borrowers must have a massive 40% equity in their homes. At the same time the Halifax have launched a similar deal for those look for a fixed rate deal. The mortgage is 3.14% with a fee of £995 and again a loan to value of 60%. Those with an average priced property of £150,000 would require a £60,000 deposit. Read more

New Negative Equity Mortgage From Lloyds

The Lloyds banking group has launched a new mortgage which is designed to help borrowers who have found themselves in negative equity as a result of the houses price decline. The support which they are calling the Equity Support Scheme will be launched next month and can be accessed by any borrowers who are with any of the Lloyds group companies. These include the Halifax, Cheltenham & Gloucester and Lloyds TSB. Read more

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