Remortgages, Mortgages And Loans Should Experience Healthy Competition Soon.
The announcement today by RBS that they are not only putting their insurance arm of Churchill and Direct Line up for sale but also 318 of their branches should herald a return of healthy competition in the financial sector which comprises secured loans, remortgages, mortgages, business loans, etc. Lloyds are also shedding 600 of their branches and these branches are for sale. This is 20% of the total number of their branches.This most major of overhauls in the UK banking system should encourage healthy competition in mortgage, secured loan and remortgage lending with new players entering this stale market.
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