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Gross lending at RBS falls 3% in 2010

Gross mortgage lending at the Royal Bank of Scotland fell by 3% in 2010 compared to 2009, its annual results show.

The bank lent £18.7bn to mortgage borrowers in 2010.

In Q4 2010 RBS retained its 11% market share but gross lending volumes plummeted 17% on Q3 to £4.4bn.

The bank blames a weak market in the final quarter of last year for the drop in annual gross lending figures.

First-time buyers made up 16% of the bank’s lending in Q4.

Net lending also increased by £1.8bn in the quarter bringing the annual total to £8.8bn.



Month of two halves for remortgaging

January has been and gone as will most of February by the time you read this. The slightly scary thought is that be you a lender, intermediary or supplier, there are only 10 equivalent periods left to achieve aspirations for 2011. If they all fly by like January, we will be planning for 2012 in […]

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(Another) downhill stroll — retirement planning

A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.


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  • dan mcgeehan 24th February 2011 at 4:02 pm

    RBS receives a good percentage of its buisness via the intermediary channel and for most of 2010 their rates have not been that sharp indicating they do not have a great desire to lend.