24
Nov
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.
