Friday 3 April 2020
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.theguardian - 8 days ago

Halifax withdraws majority of mortgages

Lender flooded with requests for payment holidays while valuers unable to inspect properties due to coronavirusCoronavirus – latest updatesHalifax, the UK’s biggest mortgage lender, has withdrawn the majority of its mortgage range, including all first-time buyer loans, citing a lack of “processing resource”.In a message sent to mortgage brokers this morning, Halifax said it would no longer offer any mortgages with a “loan-to-value” (LTV) of more than 60%. In other words, only buyers able to put down a 40% deposit will qualify for a loan. Continue reading...


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