RE: Good move26 Jul 2023 16:26
Correct me if I'm wrong and I'm just looking at facts .
The difference in between saver rate and mortgage lending is around 4p in the pound . At the moment Lloyds are cashing in on this gap . So impairment on mortgages . if you can not pay your mortgage the option might be, the bank to extend the term ( bank still has the deeds) or foreclose . So if some one forecloses i would assume the bank will either put it up for sale and get there money back or rent it out. We know Lloyds are into the rental market so to me Lloyds are in a no loose situation regarding mortgage impairments . I my self would not like to see banks take back the house as more profit at the moment , with the interest rate going up there more profit to be made . So to sum up LLoyds can have all the apple instead of a bite !!!!!