(Reuters) - The chief executive of Lloyds Bank
The FT quoted António Horta-Osório, the CEO of Lloyds as saying, "It is important that planning permits, building authorizations and social housing projects are (liberalized) so that the increase in (mortgage) transactions does not lead to a substantial increase in house prices."
"I think the scheme should be focused outside London and the southeast. (In the rest of the country) you have nothing close to a housing bubble," the FT quoted him as saying.
Lloyds, which is 33 percent owned by the British government, could not be reached immediately for comment.
Lloyds, along with RBS
The only big lender yet to commit is the customer owned Nationwide
(Reporting by Tasim Zahid in Bangalore; Editing by Leslie Gevirtz)