Scots Bank Slashes Home Loan Rates to 'Kick-Start' Market

Daily MailMay 01, 2008

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Summary


SCOTLAND'S biggest bank will today slash mortgage rates in a bid to kick-start the stalling property market.

The Royal Bank of Scotland is cutting the cost of some home loans by around 0.3 per cent - the first such move by a major lender.

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Scots Bank Slashes Home Loan Rates to 'Kick-Start' Market

It reverses a trend that has seen finance giants impose drastic restrictions on the number and type of home loans available to customers.

As a result, the number of new mortg...

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