Helping Britain Recover by expanding the availability of affordable and quality homes.

We're helping people to access secure and sustainable, quality affordable homes.

We'll provide £10bn of lending to help people to buy their first home in 2021.

We're working with housebuilders across the UK to help address the UK's housing shortage, and in doing so protecting jobs across the sector - from bricklayers to tradesmen.

This year, we'll provide a further £1.5bn of new funding support, including £500m to support the social housing sector (via ESG-linked funding).

 

We're providing the tools and support to help people benefit from more energy efficient homes, whether they are home movers or first time buyers.

We'll support the creation of national sustainability standards for house-building finance and assess the energy retrofit requirements of over 200,000 homes in the social housing sector.


Lloyds Banking Group’s contribution to UK housing

We support

1/4

of all first time buyers

We've provided more than

£4bn*

in lending so far this year (*March 2021)

We are the UK’s

largest 

mortgage lender

We are one of the largest funders of housebuilders in the UK and have taken a lead role in all

8 public bonds

issued so far this year in the social housing sector

We're supporting the creation of national sustainability standards for house-building finance and will  assess the energy retrofit requirements of over

200,000

homes in the social housing sector

  • The launch of Citra Living marks our entry to the private rental market.

    To complement existing activities in support of UK housing we will bring new, incremental, high quality rental properties to the market under Citra Living. The intent is to partner with housebuilders, landowners, modern methods of construction providers and others to bring quality rental property to the market more quickly, as well as to help improve the market in terms of sustainability.

    As part of our commitment to helping Britain recover, we aspire to a UK in which all people have access to stable, affordable and safe homes in places they want to live. We support every part of the housing market.

    Find out more

  • We provided more than £40bn in lending to first-time buyers in the three years to 2021 – significantly above our £30bn commitment. Already this year we have provided more than £6bn in lending to first time buyers and are on track to deliver our commitment of £10bn before the end of the year.

    Through our family of brands we offer savings tools and provide a range of deposit saving options. We also provide range of first time buyer and home mover mortgages as well as options for later life lending. For those aspiring to own their own home but struggling to find a deposit, intergenerational options such as our Lend a Hand mortgage from Lloyds Bank allows a family member to put down 10% of the purchase price of a home into a three year, fixed term savings account.

    We also support a range of government-sponsored affordable housing initiatives, including Right to Buy, Shared Ownership and the Help to Buy: equity loan. Most recently, we have signed up to support the government-led First Homes initiative, which aims to help young people and key workers on to the housing ladder.

  • In the three years to 2021, we provided £9bn funding to the social housing sector, outstripping our original £2.25bn funding commitment by £6.75bn. We'll provide a further £1.5bn of new funding support to the sector this year, including £500m in ESG-linked funding.

    The funding will aid the creation of more, high quality affordable homes and support the sector to accelerate its investment in creating greener homes through the construction of sustainable new builds and the retrofit of existing properties.

    Housing and social housing is also a key investment focus for the Group’s pensions and investments division, Scottish Widows, which has invested £3.5bn in social housing.

  • We provide a range of options for building and contents insurance, ensuring protection and peace of mind for those in owned and rented properties alike.

    We also offer a range of support for those who find themselves in need of support to stay on top of their mortgage payments.

  • We’re supporting the creation of national sustainability standards for house-building finance and will assess the energy retrofit requirements of over 200,000 homes in the social housing sector. Our ESG-linked funding for social housing will support the sector to accelerate its investment in creating greener homes through the construction of sustainable new builds and the retrofit of existing properties.

    Through Lloyds Bank and Scottish Widows we have become early adopters of the Sustainability Reporting Standard for Social Housing.  We’ve also joined the Executive Committee of NextGeneration, to further develop the national sustainability standards for new-build housing finance to help ensure that new homes being built today are  sustainable and support our path to net zero carbon.  We’ll also be working alongside other key industry stakeholders to create a framework that works for builders across the industry, including SMEs and housing associations.

    To help support this move towards sustainable building, our business customers including housing associations have access to our Green Building Tool – a digital insights calculator that helps customers to identify, evaluate and understand the estimated outcomes of potential investments to make properties more sustainable and energy efficient. This activity benefits tenants by creating greener homes with typically lower running costs while also helping to tackle the climate emergency. The development of new homes and retrofitting of existing ones also supports jobs in the small and large companies undertaking the work.

    Similarly for personal customers, we have teamed up with the Energy Saving Trust to create a similar Eco Home Tool. It supports home owners and landlords to find out just how green their homes are and shows how a few simple changes could make homes more friendly to the environment.

  • We’re exploring ways to innovate the housing market in order to enable access to homes, such as the potential introduction of new options in rent to buy.

    We’re also working closely with other organisations across the industry as well as with influential voices and policy makers to improve the housing market for all.

    During The Big Conversation: Helping Britain Recover we heard from a range of housing practitioners and experts in three events focused on Yorkshire and the Humber, the South East of England and London. What emerged was a common view of specific problems and potential solutions, in particular the central importance of long-term policy certainty from government.
     

    • Conversations centred on the shortage of affordable housing in the UK, which is making home ownership an unrealistic prospect for many individuals and families.
    • A scarcity of specialist skills was also highlighted as an issue holding the industry back 

    Read the report here

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