Lloyds gets cold feet over interest-only home loans

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Lloyds gets cold feet over interest-only home loans

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05-14-2010, 12:16 PM

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Lloyds gets cold feet over interest-only home loans

Lloyds Banking Group has reviewed its interest-only mortgage offering and withdrawn the non-repayment option on loans of over £500,000.The lender, which operates the Halifax and Cheltenham & Gloucester brands, has also upped rates on interest-only loans, which are now loaded with a 0.2% premium.The end of the house price boom has left banks and building [...]

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