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Yorkshire bids to poach B&B borrowers

Yorkshire Building Society is attempting to poach borrowers of Bradford & Bingley as it becomes a bank.

Yorkshire has set up a hotline for disgruntled B&B borrowers to find out how they can change to a Yorkshire mortgage following B&B&#39s decision to float next month.

Yorkshire claims it can save a typical B&B customer £1,400 over two years on a £70,000 standard variable rate product if they convert to its mutual mortgage. It guarantees staying 1 per cent below B&B&#39s variable mortgage rate for the first two years.

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Rulebook breaches cost NatWest £750k

NatWest Bank has been fined a total of £750,000 by industry regulators the PIA and Imro for rulebook breaches. The bank must also pay £2.35m in compensation to about 4,500 investors for failing to give agreed discounts. The PIA fined NatWest £500,000 for compliance failings which were discovered during monitoring visits in 1997, including a […]

R&SA announces stakeholder strategy

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UCB aims for self-cert market

UCB Home Loans has brought in the new 6.9 per cent fixed rate self certification mortgage. Aimed at first time buyers and people who are looking to remortgage their property, the mortgage is fixed at 6.9 per cent for three years for loans of up to 85 per cent of valuation. It is also available […]

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