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Yorkshire Building Society will become the first lender to relaunch 95% mortgages in the mainstream market, nearly a year after the pandemic spooked lenders into withdrawing low-deposit home loans. However, the deal will only be available to first-time buyers and the society will apply strict conditions on lending, including ruling out flats and new-build homes. - Guardian.
State-controlled NatWest Bank has been charged with money laundering in the first case of its kind in the UK, Britain’s Financial Conduct Authority said on Tuesday.
