The perilous position of Savills Lending Solutions shows how tough times are in the specialist market. Meanwhile, I’m not surprised to see Santander close its Alliance & Leicester brand


Heroes & Villains


Hero of the week is NatWest Intermediary Solutions which has reduced the rates on some of its products and launched a number of others, including a PMS two-year tracker at 2.35% with a £999 fee for loans up to 60% LTV.


Villain of the week is the Bank of England for not realising the implications of failing to renew the Credit Guarantee Scheme and the Special Liquidity Scheme. Having to repay these will decimate mortgage funding.