Bank pulls out of expat mortgages - Trinity talk to the Financial Times
British expats planning a return to the UK will find it harder to get a mortgage after Lloyd Banking Group confirmed it has stopped lending in this market. In a statement Lloyd's said that it was conducting a full review of its expatriate mortgage offering and the decision is result of Lloyds TSB International being closed. There are only a handful of lenders happy to offer mortgages to expats and the removal of Lloyds from the market will limit borrowers' options. Aaron Strutt, a broker at Trinity Financial, told the Financial Times: "It is a blow that Lloyds is exiting the market. There were never many lenders offering expat mortgages and Lloyds was often the first port of call for brokers.
However, there is certainly hope for expat borrowers looking for a mortgage and we have recently helped a number of clients living all over the world.
If you live overseas and you would like help securing a mortgage, call us on 020 7016 0790.
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