Lloyds TSB stops issuing mortgages for UAE flats

[pisandre]

Good news category:

Lloyds TSB Middle East has stopped granting mortgages for UAE apartments and is now requiring a 50% down payment for villas. The bank says it has altered its mortgage product offering due to 'exceptional market conditions'.

 

[Gashead]

Rates for existing customers up 0.51% too.

 

[Roshan]

Good news category:

Lloyds TSB Middle East has stopped granting mortgages for UAE apartments and is now requiring a 50% down payment for villas. The bank says it has altered its mortgage product offering due to 'exceptional market conditions'.

Given time, things will bounce back. Pity for those who are expecting something now

Roshan

 

[villabuyer]

Given time, things will bounce back. Pity for those who are expecting something now

Roshan

typical knee jerk reaction.

My bank has also increased their margin as a result of current situation