18 Jul 2025
Lloyds Boost Lending for First-Time Buyers
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers onto the property ladder.
The first-time buyer Boost scheme (offered through Lloyds Bank and Halifax), was first launched in August 2024. According to the banking giant, this scheme has already helped over 11,000 people buy their first home by allowing them to borrow more than the usual 4.5 times their income.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the criteria could borrow up to 22% more. For example, a household earning £60,000 could borrow a maximum of £330,000, previously this would have been around £270,000.
To be eligible for the First Time Buyer Boost, you must:
- Have a combined household income of a minimum of £50,000
- Have a deposit of 10% or more
- One person must be a first-time buyer
- Be employed, not self-employed
To find out more and see if you fit the criteria, get in touch with our independent mortgage experts: 01628 507477 | team@mortgagerequired.com.
Recent posts
What is a Mortgage Stress Test?
Yesterday
A mortgage ‘stress test’ revolves around predicting future ‘affordability’. It is seen by many borrowers as just another hurdle to overcome, but it’s important to understand why it was introduced and who it is meant to protect.
There are several scenarios for a landlord where standard buy-to-let lending isn’t enough for their investment. For more complex properties, ownership structures, or borrowing circumstances, a specialist buy-to-let mortgage may provide options that are not available through mainstream lenders.
Best UK Mortgage Rates this Week
7 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Leaseholders to be given extra protection
21 days ago
Housing Secretary Angela Rayner has announced a new measure to protect leaseholders in England and Wales from high fees and poorly regulated property management companies.
New first-time buyer scheme announced by Burnham
23 days ago
Saturday 26th September, Andy Burnham announced a new equity loan scheme called “Your First Home”. The scheme, which will be confirmed at next month’s budget, is aimed at first-time buyers looking to purchase a new-build property from a developer signed up to the scheme.
What Happens to My Mortgage if I Lose My Job?
26 days ago
Losing your job or finding yourself ‘between jobs’ is, unsurprisingly, a stressful place to be. Keeping a cool head and taking action is important.
Flats 40% cheaper to buy than houses
18 Sep 2026
This price gap between the cost of houses and flats is the biggest it has ever been. Houses are now costing 1.7 times more than a flat, which is 0.4 times higher than 10 years ago
Take a look at our list of houses vs. flats per area.
Are mortgage rates set to increase?
9 Sep 2026
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
Although nothing is set in stone, lender repricing, rising swap rates, and continued economic uncertainty suggest borrowers should prepare for higher mortgage costs.
More information
Trusted by
