Lloyds Banking Share Discussion Threads

[gotnorolex] 15/7/2024 08:35

The miasma of Putin's regime!
mr.elbee NATO's excursions in the Middle East was problematic for sure. Its newly adopted members that have extensive borders with Russisa was a result of Putin's dream of reclamation of lands conceded to the free world before his tenure. NATO did not invade Georgia! The US stood back and let it happen, which was the testing ground for Putin's push! He did actually want to join NATO without passing the criteria test which he wishfully thought would allow him to regain the pre dissolution status quo, dismantling perestroika in the guise of glasnost! Very smart if he could have pulled it off! I heard Lord Moylan claim that the Finnish education curricular was regularly vetted by Russia and modified prior to this period. In fact, the Federation's sphere of influence is still deep rooted in all Slavic Nations. Hungary is riding two horses and defying EU directives
No ones talking about Georgia's imminent intention of joining the EU and by implication NATO............What if & then? Hadn't been for Ukraine they'd be in both right now!

[mr.elbee] 15/7/2024 08:09

always were....... stupid game played mainly by non Brits as far as I can see.

[mr.elbee] 15/7/2024 08:07

totally pro labour ... wise? but just like the rest of the slavish weak corporates.

[jordaggy] 15/7/2024 07:52

Disused Lloyds office sites to be converted into social housing
Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’; than last government’s
Kalyeena Makortoff Banking correspondent
Mon 15 Jul 2024 06.00 BST

Lloyds Banking Group will start converting its disused office sites into social housing, as the UK’s largest mortgage provider lays the groundwork for a fresh housebuilding boom after Labour’s election win.

The bank, which started reviewing its property portfolio during the Covid lockdown in 2020, is launching the programme with a decommissioned data and office space in Pudsey, West Yorkshire. Lloyds will sell the site to a local housing group with the agreement that 80 new homes will then be rented at about half the usual rate. Lloyds said it was assessing other potential offices and datacentres in the UK that it could do something similar with.

Meanwhile, Lloyds announced it was also expanding its Citra Living private rental arm to become the first UK bank in the affordable housing market. Citra, which was launched in 2021 to diversify income from traditional lending, will buy the homes and remain the landlord, while local authorities take on everyday management. The pilot will start in Cambridge next month, with rentals offered to struggling households at 80% of market rates.

It is part of a wider package of measures announced by the chief executive, Charlie Nunn, as he prepares to host housing bosses and policymakers for an inaugural social housing forum in London on Monday, where he will continue calls to build 1m social and affordable homes.

The chancellor, Rachel Reeves, has pledged to build 1.5m new homes to address the UK’s housing crisis over the next five years. While Labour has not yet detailed how many of those homes will be offered social or affordable rates, Nunn said he was cautiously hopeful that the party would achieve more than the Tory party was able to during its 14 years in office.

“Labour’s commitment to it is clearer than the last government,” Nunn told the Guardian. “We obviously didn’t see, in the last period of time, some of the changes that would be needed to really unlock the level of the ambition that we think is needed for the UK to prosper going forward.”

The Lloyds chief executive, Charlie Nunn, will host housing bosses and policymakers for an inaugural social housing forum in London on Monday.

Sceptics will question why a commercial lender would be willing to sacrifice larger profits, especially at a time when interest rates are expected to drop and eat into bank earnings.

One reason is that affordable homes are a reliable source of income. With UK households facing a chronic shortage of new homes and near-record house prices, there will be consistent demand for affordable housing.

Affordable rents can make it easier for people to save up a deposit to eventually buy a home. That could indirectly benefit Lloyds, which owns the Halifax brand and is the UK’s largest mortgage lender. “When you’re in the affordable space, [which is] the low end of the private rental space, we think that’s a really important pathway to home ownership,” Nunn said.

Citra also launched its first rent-to-buy scheme last year.

Nunn insisted there were no plans to package up and securitise the projects, which would involve bundling affordable rental contracts and selling off slices to investors on the open market.

However, Lloyds may end up seeking co-investors, particularly insurers and pension providers, that are also on the hunt for reliable returns for savers and retirees. That could also involve deploying retirement savings from Lloyds’ Scottish Widows arm.

“All pension plans have 30- or 40-year or 50-year payouts that they’re managing. There is that opportunity to put a percentage of that money into a long-term investment, like housing. So that’s not packaging them up or securitising … that’s actually putting them as a bedrock of a stable source of returns for pensioners,” Nunn said.

Lloyds is also ring-fencing £200m worth of loans for small housing providers who would otherwise struggle to access funding. Nunn admitted there was a “low return hurdle”, meaning Lloyds is prepared to make less money on the loans than usual, but he insisted that it was “a return that does meet our shareholders expectations”.

Nunn is now hoping his social housing forum, scheduled less than two weeks after the general election, gains the attention of the new Labour government.

That could open the door to talks with Nunn’s social housing initiative group, which includes bosses from Homes England, Legal & General, the housebuilders Taylor Wimpey and Barratt Homes, the homelessness charity Crisis, as well as local authorities and housing associations.

“I’d like to get a chance to engage on the policy agenda because we now have a group of people who have got really specific ideas,” Nunn said.

[stansmith1] 15/7/2024 07:42

english fans fighting amongst themselves...typical behaviour from losers

[utrickytrees] 15/7/2024 07:42

Stan, I think the Scots probably make more of it than the English tbf. Sure we support the National side but I'm over it already mate, todays another day & I'm already looking forward to the Ebor meeting at York in August and the start of the new season at Forest.

[stansmith1] 15/7/2024 07:35

oh why did it have to be an 86th minute sickener? a penalty shoot out loss would have been so much more satisfying

[stansmith1] 15/7/2024 07:32

thicky you are right - being part of the union is best for scotland - the extra money per head gives us free education, glass eyes and prescriptions...cheers

[stansmith1] 15/7/2024 07:31

harduyou really have lost the argument when you compare english and scottish football, but as i said if it helps, fill yer boots

[utrickytrees] 15/7/2024 07:13

Devolution is the best option for Scotland as far as the UK is concerned because we allow the thickos to argue amongst themselves on a day to day basis but we still control the strategic fundamentals such as resources and land. Allowing you free stuff like prescriptions & tertiary education although not ideal is very convenient.

[thanatos abysss] 15/7/2024 07:01

Best to know your and you're before accusing others of being thick eh

[utrickytrees] 15/7/2024 06:58

I don't hate the Jocks Stan, I'm just pointing out that your thick. The reason most of you are thick is because of Scotlands terrain & geography. When the printing press was invented it meant that information about the Catholic church could be easily distributed in areas of dense to moderate population densities. People weren't going to bother circulating educational materials in Scotland let alone the Highlands its still true today. Which is why there's high proportion of Catholics & brexiteers in Scotland. Your basically turnip eaters because the effort required to educate you exceeds any benefit you could ever repay so it's not worth it.

[thanatos abysss] 15/7/2024 06:19

Can't blame him. I'd be angry too if I was a pathetic jock

[thanatos abysss] 15/7/2024 06:18

Stainsmith still angry ?

[stansmith1] 15/7/2024 05:38

jam tomorrow......lol....

[hardup1] 15/7/2024 05:37

Expect Southgate resignation is imminent? Qualifying for 2026 World Cup starts in March 2025, Southgate might step down now to give new manager a chance to build a new team before the World Cup qualifiers start? Compared to those before him he doe's have a good record, the last three major tournaments two Euro's finals back to back and a World Cup semi final in-between.

[stansmith1] 15/7/2024 05:32

...and remember we hate your football team, you hate us....big difference, but that just makes it all the sweeter

[stansmith1] 15/7/2024 05:31

well comparing england to scotland took longer than expected...lol...if it makes you feel better, fill your boots....we feel very cheated too, having to settle for an 86th minute sickener.....losing a preferred penalty shootout complete with scapegoats was always the preferred outcome.....

[utrickytrees] 15/7/2024 05:10

Hardup. Tbf to the Paddies, the UK religious reformation in the UK had nothing to do with the Irish. The Catholics getting booted off their land were UK non reformers. Like Mary queen of Scots fleeing to France in her sciff many Scottish Catholics would have gone to Ireland as the nearest safe haven. In the 1600's Scotland would have had a migration deficit. Exactly the same as Brexit really, despite the best efforts of Martin Luther translating the bible and exposing the Catholic Curch as basically racateers for perpetuating the myth the you had to give all your money to the church to guarantee passage to heaven the thicko Jocks weren't having it. The parallels with Brexit are uncanny & as last time the thicko Jocks are slow on the uptake lol.

[maxk] 14/7/2024 23:48

And where were the jocks in the €uro dingdong?