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Lloyds group has a new CEO, who did a great job while at Santander, and is paying off its loans faster than expected. Meanwhile, Platform is following its lead with restrictions on buy-to-let criteria.

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Villain of the week is Chelsea Building Society that has closed for broker business due to its merger with Yorkshire Building Society. Seeing any lender stop dealing with brokers is sad and they won’t be able to help Chelsea clients port their deals.

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