View more on these topics

RBS sees boost as consumers move away from unsecured loans

Royal Bank of Scotland says its first half results for 2006 are positive, with a boost in retail markets from consumers’ move away from unsecured loans to savings and investments.

Highlights of the results, to be published on August 4, include good organic growth on income, disciplined expense control and a small improvement in overall credit.

It says losses in retail markets are in line with the volume growth in personal unsecured lending over the past two to three years and the seasoning of these portfolios. Corporate credit conditions remain benign.

Sir Fred Goodwin, group chief executive at RBS, says: Organic growth has been a key element of the Groups strategy and a prominent theme in our results over recent years.

“2006 is progressing well, and we are confident that our interim results will clearly demonstrate the inherent strength of our business model, the benefits of our diversified business activities, and the range of options available to us for future organic growth.


SPML extends one month refund offer

Southern Pacific Mortgage Limited has extended its special offer on all of its products, in which new applicants will be able to qualify for a refund of one months mortgage payment. The offer will now be applicable to applications received by SPML on or before August 12 (extended from July 17) 2006 which complete on […]

Word on the Street

Banks were held to account last week after the media accused them of putting profits before human lives by luring people deeper into debt. Responsible lending is top of the Financial Services Authoritys agenda and with debt at the 1trillion mark consumer groups are asking whos to blame.

So, this week Mortgage Strategy asksWho is responsible for the mountain of consumer debt?

Classic offers MortgageStream to members

Classic Network Solutions is offering a fully integrated version of MortgageStream Case Management Software to all of its members. Classic users are now able to import and export client data and documents to and from their Home Buyer Mortgage Sourcing and Compliance software into MortgageStream. Classics members will utilise MortgageStream to facilitate case processing and […]

MI enhances B2L criteria

Mortgage Intelligence has reduced the rental calculation on a three-year fixed rate buy-to-let product from Mortgage Express from 130% to 125%. The MEX buy-to-let product has a fixed rate of 5.34% until June 30 2009. It features a 1% completion fee which can be added to the loan and an early repayment charge set at […]

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]


News and expert analysis straight to your inbox

Sign up