View more on these topics

Lloyds caps Halifax interest-only LTV at 75%

Lloyds Banking Group is to restrict interest-only lending to up to 75 per cent loan-to-value for its Halifax brand.

The lender currently lends up to 85 per cent LTV on interest-only mortgages. The change will take effect on April 6.

A spokeswoman says the move brings Halifax’s lending criteria in line with LBG’s other brands.

In May, LBG capped the amount that can be borrowed on an interest-only basis at £500,000 and made changes to its accepted repayment vehicles.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm