Loans to U.K. first-time homebuyers could double if insurers offered protection to banks against borrowers defaulting, according to Lloyds Banking Group, the U.K.’s largest mortgage provider.
Prime Minister David Cameron’s plan to bolster U.K. homebuilding through investment and mortgage guarantees was hailed as a “lifeline” by an industry group after it was introduced yesterday. Shares in all the largest house builders fell.
"This will be a very rich channel for us to find potential customers."
- Barratt Developments Plc on Jan 22, 2012