Royal Bank of Scotland plans to increase lending

Aaron Strutt Image
The Royal Bank of Scotland (RBS) intends to increase mortgage lending by up to 50% over the next few years. This is according to comments made by RBS's head of home lending Moray McDonald. Mr McDonald was quoted by The Guardian newspaper as saying: “With the franchises we have in RBS and NatWest I would be really happy to see our (market) share grow to the mid-teens.” The Council of Mortgage Lenders estimated that RBS had a 10.4% market share during 2011. Trinity Financial has access to the NatWest for Intermediaries brand and they have some particularly low mortgage rates. Their most competitively price mortgage is fixed for two-years at 1.95% and it is available to borrowers with a 40% deposit. The arrangement fee is £1,495 and the maximum loan is £1.5 million. July 26,2013
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