British expats planning a return to the UK will find it harder to get a mortgage as a major high street bank confirmed it would stop lending to them.
Lloyds Banking Groupsaid this week it was conducting a full review of its expatriate mortgage offering.

From Thursday, it will no longer accept new mortgage applications or further advances from applicants living abroad. Existing expat customers won’t be affected.
Lloyds’ move follows its decision to stop lending to overseas borrowers in August through its Lloyds TSB International brand.
British expats hit by worsening conditions in the eurozone and around the world have already found it more difficult to get a UK property loan. Lenders have imposed stricter lending criteria, while others do not lend to expats at all.
Only a handful of lenders offer mortgages to expats returning to the UK, so the removal of Lloyds from the market will significantly limit borrowers’ options.
Halifax, part of Lloyds Banking Group, would previously lend up to 75 per cent of a property’s value to expats on the basis that the borrower returned to the UK within three years. It allowed the property to be rented in the meantime.
Aaron Strutt of mortgage broker Trinity Financial said that Lloyds exiting the market was a “blow” for expats.
“There were never many lenders offering expat mortgages and Lloyds was often the first port of call for brokers,” he said.
Lloyds said: “Lloyds Banking Group is undertaking a review of its mortgage proposition for expat customers. Whilst this review is ongoing, mortgages and further advances will not be available for new applications from expat customers.”