Virgin Money plans to double Northern Rock lending
Virgin Money plans to double the value of mortgage lending that Northern Rock advances, according to an article in Mortgage Strategy magazine.
Their aim is to lend around £45bn in mortgages over the next five years. In 2010, Northern Rocks gross mortgage lending was around £4.2bn.
Last month, the Council of Mortgage Lenders downgraded its gross mortgage lending forecast for 2012 from £150bn to £133bn.
27 January 2012
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