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Lloyds limits mortgage lending to cool London housing prices

Thursday, May 22, 2014 - 06:00

[LONDON] Lloyds Banking Group Plc, the UK's biggest mortgage lender, said it will impose limits on lending to homebuyers to counteract rising house prices in London. The bank will cap lending at four times salary on loans of more than £500,000 (S$1.1 million), Lloyds said in a statement on