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Tuesday, August 28, 2012

Lloyds suspends all international mortgage lending - FTAdviser.com

Lloyds suspends all international mortgage lending - FTAdviser.com

Prospective clients calling Lloyds to enquire about mortgages in the United States are being told the bank is experiencing "operational issues" and are not able to accept applications.
For clients enquiring about mortgages in France, the bank is saying the "operational issues" mean new applications could take three to four weeks.
A spokesperson for Lloyds said: "Our acceptance criteria for new business are subject to regular review and we are currently reviewing this product to determine whether it meets the group's current lending appetite and criteria.

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