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£6.5bn pledge to first-time buyers

FIRST-TIME buyers have been given a boost after Britain's biggest mortgage lender pledged to lend £6.5 billion to help people into their first home.

Lloyds Banking Group, which owns Halifax, said it hoped its commitment will mean 60,000 people get on to the property ladder by the end of this year.

The figure is an increase from last year, when the group said it would lend £5bn and get 50,000 people into their first home.

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