Real Estate

UK lenders halt mortgage deals to customers after market chaos


The British bond and currency markets have been in turmoil since Finance Minister Kwasi Kwarteng announced his “mini-budget” on Friday.

Oli Scarff | Getty Images News | Getty Images

LONDON – U.K. lenders Virgin Money, Halifax and Skipton Building Society pulled some of their mortgage deals to customers after the tumult in British bond markets.

Virgin Money and Skipton Building Society temporarily paused mortgage offers for new customers, while Halifax — owned by the Lloyds Banking Group — is planning to halt any mortgage products with fees where lower interest rates are usually offered.



0 0 votes
Article Rating

Hertz and BP installing EV chargers in US

Previous article

Larry Summers blasts UK’s ‘utterly irresponsible’ fiscal policy

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate