Overseas lending tightens

Lending options for mortgages have become fewer after Lloyds TSB changed their rules

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The number of lending options to Britons based overseas or wanting to buy a holiday home abroad has tightened following Lloyds TSB International's announcement that it will no longer accept new mortgage applications from overseas borrowers.

Last year, the lender said it would no longer accept mortgage applications from buyers or UK expatriates living in Italy, Ireland or France, but this has been extended to all overseas locations.

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Arabella Youens
Arabella Youens
Arabella began her career at Country Life on the website as an intern. She read Modern History at Edinburgh University and spent a year working (photocopying) for PricewaterhouseCoopers in Barcelona before moving to London where she still lives with her husband and two young daughters.