In the first half of this year Lloyds advanced £16bn of new lending compared to £20bn in H1 2014.
Under the Help to Buy Scheme, Lloyds advanced £2.5bn of loans using the mortgage guarantee element of the government initiative since its launch in October 2013.
The bank reported a reduction in its processing time for intermediaries by 11 days taking its application to offer time down to 14 days on average.
The value of mortgages greater than three months in arrears (excluding repossessions) decreased by £175m from 31 December to £6.2bn for H1 2015.
Loan-to-value ratios for new mortgages and further advances written in the first half of 2015 dropped slightly to 64.6% compared with 64.8% for 2014.
Statutory profit before tax rose 38% to £1.19bn up from £863m despite incurring a charge of £1.4bn for payment protection insurance (PPI) and a £660m charge related to the disposal of TSB.
Group chief executive António Horta-Osório, described the additional provision for PPI as ‘disappointing’.
The completion of the sale of TSB to Banco Sabadell was given regulatory clearance at the end of June allowing Lloyds to meet its commitment to the European Commission.
