Propertymark backs bank’s bid to turn renters into first time buyers

Propertymasrk has thrown its weight behind Lloyds Banking Group making £2 billion of lending available to first time buyers borrowing more than 4.5 times their income .

Through Lloyds Bank and Halifax, the group’s so-called First-time Buyer Boost introduces an improved loan-to-income multiple for all eligible first time buyers, allowing them…