London mortgages too hot for Lloyds, RBS
British banks Lloyds and Royal Bank of Scotland are staging a retreat from the London mortgage market amid growing fears the city’s property prices are running too hot.
British banks Lloyds and Royal Bank of Scotland are staging a retreat from the London mortgage market amid growing fears the city’s property prices are running too hot.
The Financial Times reports that Lloyds Banking group has more than halved its share of London lending since 2008, while RBS has pared London mortgages by a smaller amount.
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