Lloyds TSB Acts on Call for First Time Buyer Innovation
Lloyds TSB today introduces Local Lend a Hand - a new concept designed to help first time buyers purchase a home with a deposit of just 5%.
Raising a deposit is a crucial challenge for many first time buyers looking to take their first steps onto the property ladder, and is highlighted by many as the key hurdle to buying their first home.
Responding to calls for further innovation in the first time buyer mortgage market, Lloyds TSB has worked with Sector Treasury Services, part of the Capita Group, to develop its unique Lend a Hand product to address this problem. ...