These are challenging times for all businesses: the Covid-19 pandemic, high interest rates, skills shortages, disruptions in the supply chain and a dramatic increase in the cost of living have made life unusually difficult. All these unwelcome events have highlighted a crucial fact: that whatever a
Lloyds Banking Group
Lloyds Banking Group is to make £2 billion of lending available to first-time buyers, increasing the amount prospective homeowners can borrow to up to five and a half times their income. Rising house prices, cost of living, high interest rates and affordability challenges mean conditions
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.
Decommissioned data centres and former office sites belonging to 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 the sites to increase th
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
Citra Living, part of Lloyds Banking Group, is to bring 87 new homes to the rental market in Edinburgh following its latest deal with Barratt Developments.
Paragon Bank’s Development Finance division has provided a £15.9 million funding package to PfP igloo and Housing Growth Partnership (HGP) for the development of 78 environmentally friendly townhouses in Glasgow.
Wates Group has secured a £90 million sustainability-linked loan (SLL) from a three-bank syndicate led by Lloyds Bank.
Lloyds Banking Group is considering lending more to mortgage customers whose prospective homes are well-insulated, in an attempt to reflect how energy bills are an increasing burden on household finances.
Greater standardisation, collaboration and incentivisation are required to make Modern Methods of Construction (MMC) work at scale, according to a group of industry experts.
Balfour Beatty has reached an agreement for the conversion of its £375 million revolving credit facility (RCF) to the largest sustainability linked loan in the UK construction industry to date, extending the maturity to October 2024.
Scotland is set to drive economic growth in the UK’s transition to net zero emissions, according to The Green Growth Index produced by Lloyds Banking Group and Oxford Economics. The report suggests that at least £1.4 trillion will need to be invested in the UK economy between 2020 and 20
Bank of Scotland owner Lloyds Banking Group has delivered £9 billion to the UK's social housing sector in three years. Since 2018, the bank has provided £9bn of funding to the UK’s social housing sector, outstripping its original £2.25bn funding commitment by £6.75bn ov