Lloyds Banking Group has already fulfilled its pledge to lend to 60,000 first time buyers by the end of 2013, three months ahead of schedule.
In the first nine months of 2013, Lloyds Bank, Halifax and Bank of Scotland also beat their commitment to advance £6.5 billion in new mortgage lending to first-time buyers over the year.
So far the group has advanced £6.7 billion, up 53% on the first nine months of 2012. It has granted loans to 56,500 first-time buyers, a rise of 45%.
It also pledged to provide one in four of all new mortgage loans to first time buyers in the UK in 2013, and is on track to meet this commitment.
Stephen Noakes, mortgage director at Lloyds Banking Group, said: “Fulfilling our first-time buyer commitments within the first nine months of the year is reflective of our efforts to provide one of the most comprehensive product propositions in the UK mortgage market.
"We’ve been able to help our customers with our participation in schemes such as New Buy and Help to Buy in the Halifax and Bank of Scotland brands, as well as continuing to offer great propositions such as Lloyds Bank’s Lend a Hand.”
Lloyds Banking Group’s new mortgage lending across all customer segments totalled £25.2 billion in the first nine months of 2013. This is 32% ahead of £19 billion in the first nine months of 2012.
Comments
Lloyds like all the other high street banks are still responsible for the rescission and are still holding back the economy small business is the key to the economy once that takes hold wages go up the small business has to pay more to attract the right people this has a knock on effect
i have a small business that turns over 120k a year how ever to expand the business which i needed to , to generate more cash flow
a new town center shop with a cost to me of 20k to set up i could not get even a 2.5k overdraft off lloyds or any of the high street banks i here this all the time from many people in the business world
bankers are a disgrace politician need to act not talk