Virgin Money and Skipton Building Society withdraw deals for new customers as drop in pound leaves banks unable to price productsUK lenders Virgin Money and Skipton Building Society temporarily withdrew mortgage deals for new customers on Monday, reacting to financial market volatility prompted by the government’s mini-budget.Lenders were struggling to accurately price their products, after the pound fell to new lows and sent the interest rate on government debts to a 12-year high, in what brokers predicted is just the start of a major shift in the UK mortgage market. Continue reading…
Source : theguardian.com
Read more…Two UK lenders temporarily pull new mortgage deals amid volatile market
