The Sunday Times - Lloyds loan with a sting in the tail
Lloyds Banking Group last week launched a two-year tracker mortgage for first-time buyers with a payment shock in the second year.
Aaron Strutt at Trinity Financial, a broker, said: “This deal will make the first year of buying a property easy but the second will not be quite so much fun.
“To make it worse, the mortgage must be taken on a full capital repayment basis.”
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