- Lenders, brokers, academics and other property commentators are calling on regulators to allow the return of 100% mortgages, which were withdrawn after 2007-2009 banking crisis. Many believe that 100% mortgages represent the only way for younger borrowers who do not have family assistance in raising a deposit to get onto the housing ladder
- FCA has said that high street lenders are charging customers interest of up to 800% for accidently breaching their overdraft limit. Royal Bank of Scotland and NatWest’s Select Account had the most costly unarranged overdraft, charging eight times the sum borrowed. The regulator said that some banks charged more than payday loans and posed a risk to vulnerable customers
- CYBG has reported mortgage growth of 5.8% (annualised) for the nine months to 30 June 2017, with record volumes of applications in Q3, and core SME growth of 4.7% (annualised). The bank also reported in its trading statement that it has opened more than 80,000 B current accounts since launch in May 2016, with strong deposit flows
