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12/03/2009
Help urged for buy-to-let investors |
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The Royal Bank of Scotland (RBS) should make it a priority to help buy-to-let investors with its newly pledged mortgage lending, it has been stated.
Finance website Moneyextra.com argued that rather than "dishing out cash on a first come first serve basis", the additional £1.7 billion the bank is to lend in Scotland over this year and next should be focused on investors and other groups like first-time buyers.
It said this should be the case as these categories include many would-be purchasers who are struggling to raise deposits.
RBS unveiled the announcement of the additional lending after the government made it a condition of its injection of cash to bail the bank out.
Chief executive of consumer banking Paul Geddes said RBS is "more than ever, open for mortgage business".
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