By xmas :-)

Which year?

Not this one!

Deutsche Bank today reaffirms its buy investment rating on Lloyds Banking Group PLC ORD (LON:LLOY) and cut its price target to 68p (from 77p).

68p! Per chance to dream.......

I think Deutsche Bank are taking the same approach as Dil. Name your price, but no time frame!

By xmas.

Which one?

Exactly!!

Dil works for Deutsche :-)

Any one :-)

Dil works...you sure? 😄

Minimum hours contractor!

Britain's biggest lender is to offer 100% mortgages to first-time buyers in a return to lending last seen before the financial crash - but only if the buyer has family that can stand behind the loan. Under the new Lloyds Bank "Lend A Hand" deal, a first-time buyer will be able to borrow up to £500,000 for a new home, without putting down a penny of deposit. - Guardian

That's great news for kids if it happens.

And for the 30 somethings & 40 somethings who are still living at home or in rented accommodation because they are struggling to raise the deposit.

I can hear my youngest beating a path to the front door....

The sale of a 100% loan-to-value mortgage may appear to be a return to the unrestrained, and much criticised, lending seen before the financial crisis.

However, a new mortgage launched by Lloyds, aimed at first-time buyers, actually requires a 10% deposit – but instead the money is put into a three-year fixed savings account by a family member.

Experts say that the deal is competitively priced and may grab the attention of young potential buyers who have the help of the Bank of Mum and Dad.

But commentators also point out it is not the only such offer on the market, and there is always a danger with a high loan-to-value mortgage – if house prices fall then the homeowner risks swiftly falling into negatively equity.

Question is would you be happy to guarantee a 500K loan for your son or daughter?

I don't believe it is a guarantee or collateral. It appears that the family member locks up 10% of the loan value in a 3 year 2.99% fixed rate deposit. I have read nothing relating to forfeitures or guarantees. Locking up 50 grand at almost 3% may be safer than many shares at the minute. :-)