Loans of up to £500,000 available from Lloyds and Halifax but new-build properties are excluded
The UK’s biggest mortgage lender is reintroducing 10% deposit mortgage deals, in a sign of increasing confidence in the property market.
The mortgages will be available for first-time buyers from the group’s Lloyds Bank and Halifax brands directly, and via Halifax intermediaries, from 8 December. The maximum loan amount will be £500,000 and the maximum loan-to-income ratio will be capped at a multiple of 4.49. New-build properties will be excluded.
