Santander is in the market to buy 318 branches from Royal Bank of Scotland, which have to sold after the European Commission ruling last year on competition in the market. Santander is looking to expand its High Street presence after merging with Alliance & Leicester and Bradford & Bingley.
Starting to see movement in the remortgage market with deals now available as low as 2.49% at 70% loan to value, with rates likely to rise later this year this market looks like making a return.
More smaller Building Society’s putting Standard Variable Rates up locally these include Norwich & Peterborough and Cambridge Building Society, which backs up the above point for people to start to consider a remortgage if on a lender’s Standard rate.
Andrew Fowler worked for Limetree Financial Services until December 2010. Feel free to contact another member of our team for help or advice.