RE: House prices face a looming hit16 May 2023 14:31
The last thing that a mortgage holder with Lloyds would want to happen is to have their property repossessed, resulting in most likely having to find a private rental at most likely a higher monthly cost. With a mortgage, term periods can be extended and going onto interest only could be negotiated, being short term solutions for the mortgage holder, and of benefit to Lloyds. I will not be having sleepless nights about the affect on Lloyds of any potential repossessions.