Virgin Money's mortgage lending jumps in first quarter

May 1, 2015 6:35 AM

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May 1 (Reuters) - New British bank Virgin Money Holdings (UK) Plc said gross mortgage lending jumped 34 percent in the first quarter, winning 3.6 percent share in the UK mortgage market.

The Newcastle-based lender said it had started the second quarter with a strong mortgage pipeline, and continued to expect to achieve a net interest margin of up to 160 basis points for 2015.

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