The successful introduction of a mortgage indemnity guarantee scheme supporting buyers looking to borrow 95% mortgages would double lending to first time buyers, Lloyds head of mortgages Stephen Noakes told the HBF Policy conference. <br> <br> And Noakes added that the boost to first time buyers would not be the only impact on the market, as it would lead to three or four times the lending further up the ladder. Noakes stressed that this could only happen with a whole market solution involving lenders and triple A insurers, but that a meeting to look at potential solutions involving housebuilders, lenders and insurers was planned for May. <br> <br> Noakes was asked by conference delegates why there was discrimination against new build loans in terms of the level of loan to value (LTV) available. He said that was because the risk of lending on new build had been higher historically, but this was now coming down in line with the second hand market. However Lloyds’ loan to value levels on new build would not change, he said, until other lenders across the industry were ready to reassess the risk and also adjust their LTVs on new build.<br> <br>