With rents on the rise mortgage lenders see landlords as a better bet than first-time buyers. Patrick Collinson asks if a worrying bubble is being created in a resurgent market Britain’s lenders are turning their backs on first-time buyers and other traditional borrowers, and granting mortgages to landlords instead amid signs of a new buy-to-let [...]
Posts Tagged ‘Lloyds’
The future of Lloyds: Stuff happened
September 23rd, 2010
davidguide Lloyds looks for a new chief executive, and hopes for a stay of execution ERIC DANIELS, the American who announced on September 20th that he will retire as chief executive of Lloyds Banking Group next year, is an affable man. But it is fair to say that when he steps down—a surprisingly long time after [...]
Lloyds Banking Group sells Halifax for £1
October 19th, 2009
davidguide Lloyds Banking Group has sold its Halifax estate agency business for just £1 to LSL Property Services. The group has said 1,050 employees will be transferred to LSL after the sale. However, the move is likely to cause 460 jobs to be lost, 360 of which are said to be full time positions. Lloyds has [...]
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