Abbey may double mortgage lending next year

Aaron Strutt Image
Abbey for Intermediaries is rumoured to be looking at plans to double the amount of mortgages they lend next year. Mortgage Strategy magazine suggests that the Spanish bank currently lends around £40 million a day and this may increase to £80 million. For lending figures to increase so dramatically, Abbey would have to offer more competitively priced low deposit mortgages and ease some of the stricter elements of their lending criteria. October 19, 2012
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