View more on these topics

LBG stops offering buy-to-let products through C&G and LTSB Scotland


Lloyds Banking Group is to stop offering buy-to-let products via its intermediary channels through either Cheltenham & Gloucester or LTSB Scotland brands from September 25.

Buy-to-let lending will still be made available to intermediaries through the lender’s specialist brand BM Solutions.

The lender is also planning to limit buy-to-let portfolios to a maximum of three properties, or £2m worth of lending, whichever is exceeded first, across the group.

LBG head of intermediary distribution Peter Curran says: “These changes mean we will continue to support the vast majority of landlords through our leading specialist Buy to Let brand, BM Solutions, helping to ensure that we are providing a competitive and appropriate proposition.”

Pipeline applications will be honoured but any subsequent changes will be assessed under the lender’s new policy.


News and expert analysis straight to your inbox

Sign up


    Leave a comment