Do Record House Prices Make Lloyds Banking Group PLC A Buy?

The Motley Fool
Updated
Photo: moneybright. Cropped. Licence: https://creativecommons.org/licenses/by/2.0/
Photo: moneybright. Cropped. Licence: https://creativecommons.org/licenses/by/2.0/

The average UK house price has surpassed the £300,000 level for the first time, according the UK property portal Rightmove. Given Lloyds Banking Group(LSE: LLOY) is the largest player in the mortgage market, is this a positive for the stock?

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Owain Bennallack owns shares in Lloyds. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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