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Lloyds Banking Group Share Chat (LLOY)



Share Price: 77.00Bid: 77.00Ask: 77.01Change: 0.50 (+0.65%)Riser - Lloyds Grp.
Spread: 0.01Spread as %: 0.01%Open: 77.00High: 77.20Low: 76.66Yesterday’s Close: 76.50


Share Discussion for Lloyds Grp. (LLOY)


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Itsonlyanopinion
Posts: 769
Off Topic
Opinion:No Opinion
Price:74.64
View Thread (3)
Whats this up to then?
4 Sep '14
Some people must be making a fortunate buying in and out. Long term this has prospects as a pension/retirement share but still seems to be following a trading pattern for 71-77 and yo yo-ing back and forth.

Agree/disagree?
 
Femmeblanc
Posts: 154
Off Topic
Opinion:No Opinion
Price:74.67
ship
4 Sep '14
days! Bestival, going now, byesee
Shipmate1
Posts: 2,334
Off Topic
Opinion:No Opinion
Price:74.78
blanc
4 Sep '14
a happening...
oh ...is Bill Oddie back... well have a good day
Femmeblanc
Posts: 154
Off Topic
Opinion:No Opinion
Price:74.74
Z and Leg
4 Sep '14
I am off, today. Later this morn. The whitelassy informed me of a happening on the isle of white today and I am going later!
legobrickgirl
Posts: 3,526
Off Topic
Opinion:No Opinion
Price:74.74
oh you lot
4 Sep '14
please keep a tighter reign of WhiteLady, you know she is not allowed out without an escort.
MY21
Posts: 3,373
Off Topic
Opinion:No Opinion
Price:75.03
UK Economy
4 Sep '14
UK services PMI registered an unexpected rise in August

The services PMI rose unexpectedly to a level of 60.5 in the UK, in August, higher than market expectations of a fall to a level of 58.5. In the earlier month, the services PMI had registered a level of 59.1.

UK official reserves slid in August

Official reserves recorded a drop of $377.0 million in August, in the UK. In the earlier month, official reserves had fallen by $616.0 million.
MY21
Posts: 3,373
Off Topic
Opinion:No Opinion
Price:75.03
Longer wait for mortages
4 Sep '14
Since tougher rules and tests were introduced in April, borrowers hoping to have their mortgage approved face a longer wait.

The Mortgage Efficiency Survey, conducted by financial systems firm IRESS, showed that the number of mortgages that take longer than two weeks to be approved rose from 44% in 2013 to 56% in 2014, a slowdown that began even before the new measures were introduced.

The number of mortgages that are approved within five days also declined, falling to 13% in 2013 to 9% this year, almost a third of the figure in 2012, while the number of mortgages agreed via branches fell from 28% to 22%.

The Mortgage Market Review (MRR), which requires potential borrowers to undergo stricter questioning about their spending during the application process, was introduced at the end of April by the City's policymakers.

Under the MRR, banks and lenders are entirely responsible to ensure borrowers can afford the loan, both at the time of applying and when interest rates rise.

"There's no doubt that the MMR has taken its toll on the time taken to secure a mortgage. More comprehensive affordability testing and lengthier interviews have slowed the application process," said Henry Woodcock, principal mortgage consultants at IRESS.

"Demand for mortgage finance has been so strong in the year so far that lending has continued at a rate of knots despite the disturbance."

The MRR also requires lenders to offer formal advice to potential borrowers who decide to apply in branches but customers can also choose to use a financial adviser or a mortgage broker instead.

Woodcock believes the new regulations have contributed to a rise in the number of borrowers who resort to financial advisers.

"Intermediaries have played an increasingly important role helping consumers navigate the murkier waters caused by regulatory change," he said.

"We are likely to see lenders develop their execution-only offerings in the coming year, but that won't diminish the part being played by brokers in securing the best outcomes for customers."

The average approval process for a mortgage normally takes between five and 40 days but it can be influenced by the complexity individual cases, the number of applications a bank has received and its internal process.
Asperger1
Posts: 1,410
Off Topic
Opinion:No Opinion
Price:75.03
Everyone wants a piece of LBG
3 Sep '14
Shipmate1
Posts: 2,334
Off Topic
Opinion:No Opinion
Price:75.03
View Thread (2)
RE: Bloody David Oldfield
3 Sep '14
spread T
Tax avoidance... nothing more nothing less.......the rich just hate to pay tax unnecessarily
shipx
Wids
Posts: 1,404
Off Topic
Opinion:No Opinion
Price:75.03
Blanc
3 Sep '14
We and the US will continue to print. The US are doing it now through the Belgians, through the back door. Check out the monthly bonds purchases. Tapering? yeah right, it's becoming very sneaky.



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