Hopes it will help 'young Islanders' purchase a home
Lloyds Bank is reintroducing a 95 per cent mortgage which it says will make it easier for 'young Islanders' to buy their own home.
The loan-to-value residential mortgage is in response to significant house price increases over the last year.
It's also increasing its income multipliers from five to six times for mortgages up to a 90 per cent loan to value – that's to an increased maximum of £900,000.
Ribbon cut on fully refurbished M&S store
Staff, the Island's Lieutenant Governor and a giant inflatable Percy Pig mark completion of store makeover
Inflation falls to 2.9 percent in March
Restaurant, food and education costs continue to rise
Is 'inter-generational home sharing' the solution to the loneliness epidemic and housing crisis?
Island businessman says he has found the answer
DfE provided more than £250,000 to MT to assist with below ground fibre installations
Minister says figure was to ensure premises deemed not commercially viable could be included in rollout
