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.
Lloyds
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
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
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, owner of the Bank of Scotland, has reported a surge in half-year profit despite facing a slowdown in the second quarter due to increased competition for mortgages and savings, as well as higher provisions for bad loans.
Lloyds Banking Group has reported a pretax profit of £2.3 billion for Q1 2023, surpassing analyst expectations and marking a significant increase from the £1.5bn in Q1 2022.
Lloyds Banking Group and homelessness charity Crisis have joined forces in a new two-year partnership to help tackle the shortage of good quality, affordable homes in Great Britain, which is leaving hundreds of thousands of people trapped in homelessness.
Bank of Scotland owner Lloyds has reported a 26% drop in profits in its Q3 results as it braces for more defaults on bad loans. Profits were down to £1.5 billion, lower than the average forecast of £1.8bn as analysts expected a significantly small drop in profits of around 9.5%. However,
Britain's biggest banks are expected to report profits of £33 billion when they reveal their third-quarter results next week. The figures from Lloyds Banking Group, NatWest Group, Barclays and HSBC are expected to show their combined profits rising from £25 billion in 2019 to £33 b