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RBS could net £655m from sale of international arm of Coutts

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    RBS could net £655m from sale of international arm of Coutts

    "Royal Bank of Scotland has confirmed it is considering selling the international arm of its private bank Coutts, a deal one source said could net it as much as $1bn, as the government leans on it to focus more on domestic lending"

    RBS could net £655m from sale of international arm of Coutts | Business | The Guardian

    #2
    If the government wants more domestic lending, why not expand help to buy?

    As for business lending, forget it. I was looking to buy a hotel in North Wales. Effectively a large house. To buy a house you pay 5% mortgage - get 90% deposit. As a hotel, its 10% mortgage, 40% deposit plus business plan.

    There needs to be same interest rate between business and personal lending.

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      #3
      Originally posted by BrilloPad View Post
      To buy a house you pay 5% mortgage - get 90% deposit.
      If you have to put down 90% deposit, plus 5% mortgage, that's not a good deal to me. Also, where does the extra 5% come from?
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        #4
        Originally posted by TheFaQQer View Post
        If you have to put down 90% deposit, plus 5% mortgage, that's not a good deal to me. Also, where does the extra 5% come from?
        Its 5% interest rate on mortgage 10% deposit.

        versus 10% interest rate on loan with 40% deposit...
        merely at clientco for the entertainment

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