Property News · April 28, 2016

Lloyds Banking Group reveals surge in buy-to-let lending


UK’s biggest mortgage lender pins rise on rush to beat new stamp duty charges as bank group reveals profits nearly halved in first quarter Lloyds Banking Group – the UK’s biggest mortgage lender – has revealed a surge in activity by buy-to-let and second-home buyers in the run-up to tax changes in April.António Horta-Osório, chief executive of the bailed-out bank, said mortgage activity had been strong ahead of the changes, which came into force on 1 April and require buy-to-let and second-home buyers to pay a 3% surcharge on stamp duty. He was speaking as the bank, which owns Halifax, reported its profits had almost halved in the first three months of the year. Continue reading…

Source : theguardian.com
Read more…Lloyds Banking Group reveals surge in buy-to-let lending

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