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RBS tightens home loans, following Lloyds example

Income-based limits on mortgages, term capped at 30 years

[LONDON] Royal Bank of Scotland (RBS) has followed rival Lloyds Banking Group in placing restrictions on mortgage lending to tackle rising British house prices. RBS, which is 81 per cent owned by the British government, will introduce a four times loan-to- income cap and maximum term of 30 years