24 Nov

Lloyds Banking Group offers help to flood-hit homeowners

Lloyds Banking Group offers help to flood-hit homeowners

Lloyds Banking Group is providing a number of services to help people whose property has been damaged in the recent flooding across the UK.

The bank and insurer has announced a raft of measures to help its residential insurance and business customers who have been affected.

For those who have been forced to leave their homes, Lloyds will offer to make emergency payments as well as help them find temporary accommodation.

In terms of business customers, the bank has said that it will "meet all reasonable requests for finance to aid immediate cash flow needs" and has also volunteered to assist with practical concerns, such as paying wages or suppliers.

Simon Taylor, regional director for the north of England at Lloyds Banking Group, commented: "These floods have dealt a catastrophic blow to the local community, with hundreds of business owners and families left counting the cost of the damage inflicted upon their properties and livelihoods."

He added that his organisation would "do everything possible" to help people recover after the flood waters recede.

Cumbria has been worst affected by the torrential rain, with towns such as Cockermouth suffering record levels of rainfall.

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