Holiday Let Products
Holiday Let mortgages are now available to existing home owners who would like to purchase or remortgage a property which is used for holiday letting and is situated in Wales and England (including Isle of Wight).
RBS halts lending for environmentally damaging projects
RBS has said it will stop financing environmentally damaging energy and mining projects. The move comes as investors increase the pressure on lenders to do more to tackle climate change. RBS said that the new policy was part of its strategy to “become a simpler, safer bank”. Katie Kedward, project officer at Share Action, the campaign group, said: “We consider RBS’s energy sector policies to be now the most robust ‘of the major banks’ in the UK from a climate perspective, as they include a prohibition on new coal project financing globally and also include exclusion criteria for general corporate lending. Other banks, such as HSBC and Barclays, continue to have loopholes for certain developing nations.”