From the 1st of November in an effort to manage down volumes of Spanish Mortgages granted for 2012 Lloyds Spain have increased their minimum loan size to 100k from the current 50k.
The new criteria will apply to all applications received after the 1st November.The only exceptions to this new minimum loan size will be for properties being sold directly by Lloyds themselves and where necessary to existing relationships for Private Banking clients of the Lloyds Group.
At present no other changes to rates, terms etc have been announced by the Spanish lending division. The move by the Spanish arm of Lloyds Bank does however follow the complete withdrawal by the Lloyds International arm to suspend all lending in Spain whilst a review of lending policy across Spain and other overseas jurisdictions takes place.
