Lloyds to carry out interest only checks
Lloyds Banking Group sent a note to brokers this week to let us know that they will be asking customers for proof of how they intend to repay their mortgage at the end of the term. The Financial Services Authority have been putting pressure on banks to find out what existing customers plans are.
For those that don't have a way of paying off the mortgage, Lloyds Banking Group may well discuss switching you on to full or part capital repayment.
Anyone needing advice on repayment plans can contact Trinity Financial Group.
October 9, 2010
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