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NAB to give up banking licence for Yorkshire subsidiary

NAB is to run its business through its Scottish bank, Clydesdale, with the restructure completed by the end of the year.

A spokesperson for NAB says:”It is purely a legal entity, for administrative reasons, we are consolidating administration and all the branding will remain the same.”


Yorkeshire reduces three-year fix

The rate for borrowers moving home has reduced from 5.39% to 5.10%, currently the cheapest three-year deal available. The society&#39s three-year fixed rate for borrowers who are just moving their mortgage has been reduced from 5.69% to 5.15%. The arrangement fee for both these mortgages has been maintained at £495. As with all Yorkshire mortgages, […]

XIT2 predicts chronic shortage of surveyors

The survey of lenders, intermediaries, estate agents, surveyors and solicitors predicts a chronic shortfall with only 3% thinking there will be enough surveyors to handle the increased workload created by HIPs. Paul Duckworth, xit2 managing director, says: “These results will force the market to sit up and take notice. In an already overstretched industry this […]

Trigold problem still not fixed

Trigold has come under fire again over problems with its software in accessing Lloyds TSB quotations and printing Key Facts Illustrations. Trigold&#39s spokesman Richard Hurst told Mortgage Strategy two weeks ago there was no problem with the Lloyds TSB KFI and that the issue merely related to the way the system mapped different fields of […]

NAB rumoured to close Yorkshire, merging it with Clydesdale

Speculation is NAB will also close its banks in Ireland and Ulster and shelve plans to expand in the South-East. NAB is understood to be planning to relinquish Yorkshire&#39s licence to cut costs, and retreat to Glasgow, folding the English bank&#39s business into the Clydesdale. It is thought that NAB chose Clydesdale over Yorkshire, after […]


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