Bank vows to provide home loans.NATWEST NATWEST National Westminster (UK bank) has announced it will give borrowers a major boost with a firm commitment to provide pounds 12.2 billion worth of new mortgages this year. Bank managers also promised to meet further customer demand if it proves higher than this week's commitment. The funding will be made available through the bank's range of mortgage products. The announcement comes as more and more people struggle to get on the property ladder This article is about the real-estate term. For the reality television show, see Property Ladder (TV series). The property ladder is a term widely used in the United Kingdom to describe an individual or family's lifetime progress from cheaper to more expensive due to the recession. Bosses at Natwest say they are also committed to kick-starting the first time buyer market, which they see as key to the recovery of the UK mortgage market. Announcing this latest customer commitment, Paul Geddes, chief executive UK Retail, said: "With the CML 1. CML - A query language. ["Towards a Knowledge Description Language", A. Borgida et al, in On Knowledge Base Management Systems, J. Mylopoulos et al eds, Springer 1986]. 2. CML - Concurrent ML. forecasting that UK gross mortgage lending will fall this year by 44 per cent, this move is a timely and welcome shot in the arm for the British mortgage market. "It clearly demonstrates that we are making mortgage lending available to customers across Britain, and at competitive prices. Through our vast network of branches, we are very well placed to respond to home buyer demand." |
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