The deal is also aimed at reviving a property market languishing in Brexit uncertainty. During the three-year period, the family member who has deposited the money with Lloyds cannot access their cash.
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Initially the deal is available in England and Wales only. The latest mortgage offering comes hard on the heels of a surge in year fixes to beat Brexit uncertainty. Lenders such as First Direct have slashed interest rates on ultra-long term deals to as low as 2.
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Lloyds research found that buying their first home remains the number one life goal for people aged 18 to 35, but half said that saving for a deposit is the biggest barrier. The amount of savings held by parents with children aiming to buy a home was surprisingly high, according to the Lloyds research.
However, rather than a symptom of underlying economic weakness or […]. Not a bad idea, 2.
Lloyds lends families a hand with new mortgage and savings offer - Lloyds Banking Group plc
Support your local sheriff.?? The Lend a Hand mortgage is available through direct channels only.
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