Lloyds Banking Group

Lloyds Banking Group has announced it is increasing its maximum loan-to-income ratio for first-time buyers from 4.49 to 5.5. Through Lloyds Bank and Halifax, the 'First-time Buyer Boost' is a new step in the group’s efforts to help more customers buy their own homes.

Bank of Scotland-owner Lloyds Bank has warned of a rising scam which has costing victims an estimated £6.6 million so far, where rogue retailers are using fake websites to trick people into purchasing items that are never dispatched. Tens of thousands of credit and debit card customers ha

Detached homes are the most popular among people moving home as buyers seek more privacy and space, according to the latest Lloyds Bank Home Mover Review.

Lloyds Banking Group reported a half-year pretax profit of £3.32 billion, a decline from the previous year due to increased costs and shrinking net interest income.

Decommissioned data centres and former office sites belonging to Bank of Scotland-owner Lloyds Banking Group are to be redeveloped into new social housing projects. The group announced today that it plans to identify suitable housing partners in the regions who will be responsible for redeveloping t

Lloyds Banking Group has announced it is shutting down 60 more branches, with 15 of them being Bank of Scotland outlets. This is part of a larger plan to close 190 branches this year and 47 more in 2025. The bank attributes this to the increasing popularity of digital banking, stating that usage of

A financial model implemented by Lar Housing Trust is a proven blueprint to help tackle Scotland's current housing crisis, the charity has said. Launched in autumn 2015, Lar uses loan-based finance rather than traditional grant funding to provide affordable housing developments. The Scotland-wide or

Scottish housing charity Lar Housing Trust has received commendation from a major City figure for its work in repurposing derelict buildings into affordable homes. Bank of Scotland-owner Lloyds Banking Group's chief executive, Charlie Nunn, recently visited Lar's latest project in Glasgow, which is

Bank of Scotland-owner Lloyds Banking Group has reported a pre-tax profit of £1.6 billion for the first quarter of 2024, marking a 28% decrease from the same period last year when it reported £2.3bn in profits. This decline follows the banking giant's record-breaking annual pre-tax profi

Responsible finance provider Social Investment Scotland (SIS) is spearheading a new £62 million investment fund aimed at supporting small businesses in England and Wales, boosting local jobs and economic activity. Many small businesses access finance from socially motivated lenders such as Com

Bank of Scotland-owner Lloyds Banking Group has earmarked £450 million to cover potential fines and compensation related to an ongoing investigation by the Financial Conduct Authority (FCA). The FCA is scrutinising whether consumers were charged inflated prices for car loans, focusing on loan

Lloyds Banking Group is set to cut approximately 1,600 jobs across its branch network as part of a strategic overhaul driven by the increasing trend of online banking. The restructuring initiative, affecting Lloyds, Halifax, and Bank of Scotland, aims to adapt to changing customer preferences and en

Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.

Lloyds Banking Group has announced the closure of 35 more branches, confirming the termination of face-to-face services in a total of 155 sites by the end of 2023 and an additional 75 in 2024, impacting several areas including Scotland.

Business confidence in Scotland fell 18 points during July to 32%, according to the latest Business Barometer from Lloyds Bank Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 11 points at 41%. When taken alongside their optimis