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Lloyds introduces 95 per cent mortgage

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. 

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