Virgin Money plans to double Northern Rock lending
Tags: Market-Matters
Virgin Money plans to double the value of mortgage lending that Northern Rock advances, according to an article in Mortgage Strategy magazine.
Their aim is to lend around £45bn in mortgages over the next five years. In 2010, Northern Rocks gross mortgage lending was around £4.2bn.
Last month, the Council of Mortgage Lenders downgraded its gross mortgage lending forecast for 2012 from £150bn to £133bn.
27 January 2012
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