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Lloyds TSB stops issuing mortgages for UAE flats

Discussion in 'Dubai property' started by pisandre, Nov 11, 2008.

  1. pisandre

    pisandre New Member

    Good news category:

    Lloyds TSB Middle East has stopped granting mortgages for UAE apartments and is now requiring a 50% down payment for villas. The bank says it has altered its mortgage product offering due to 'exceptional market conditions'.
     
  2. Gashead

    Gashead New Member

    Rates for existing customers up 0.51% too.
     
  3. Roshan

    Roshan New Member

    Given time, things will bounce back. Pity for those who are expecting something now

    Roshan
     
  4. villabuyer

    villabuyer New Member

    typical knee jerk reaction.

    My bank has also increased their margin as a result of current situation
     
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