Santander, Barclays Won’t Follow RBS Mortgage Lending Limits
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Santander UK Plc and Barclays Plc said they don’t plan to implement the kind of curbs on riskier home loans imposed by Britain’s two largest nationalized lenders.
Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, and Royal Bank of Scotland Group Plc have said they will limit customers to a maximum of four times income on mortgages of 500,000 pounds ($836,500) or more to counteract house price inflation in the U.K.’s property market.