You are here

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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom