Lloyds\nBank has launched a 100 per cent loan-to-value mortgage linked to a savings\naccount to help first-time buyers get a foot on the property ladder.<\/p>\n\n\n\n
The Lend a Hand mortgage was launched following research by the\nbank that found buying a home was among the top life goals for millennials, but\nhalf of those surveyed said the deposit was the biggest obstacle.<\/p>\n\n\n\n
Lloyd’s latest launch removes the need for a deposit from the\nfirst-time buyer and instead up to 10 per cent of the loan is provided by the\nsavings of a family member.<\/p>\n\n\n\n
The mortgage is a three-year fixed with a rate starting at 2.99\nper cent. The maximum term for the product is 30 years, and Lloyds will only\nlend up to a maximum of \u00a350,000.<\/p>\n\n\n\n
Alongside the mortgage is a savings account offering 2.5 per cent,\nfixed for three-years.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lloyds Bank has launched a 100 per cent loan-to-value mortgage linked to a savings account to help first-time buyers get a foot on the property ladder. The Lend a Hand mortgage was launched following research by the bank that found buying a home was among the top life goals for millennials, but half of those … <\/p>\n