UK mortgage market goes into lockdown

For sale sign

 Nationwide - one of the UK's biggest lenders pulled out of new deals.

Others are doing the same as the home mortgage market goes into lockdown amid the coronavirus which has brought the economy to a standstill.

It rules out first-time borrowers or existing homeowners with little equity in their homes.

It will allow it to "focus on supporting existing mortgage members while continuing to process ongoing applications", it said.

Comments

Post a Comment

Popular posts from this blog

The Coronavirus Crisis in Iran

Image
NUMBER OF VICTIMS (AS OF MARCH 16, 2020): PROVINCE DEATH TOLL LAST UPDATED Tehran 750 16-Mar-20 Qom >700 14-Mar-20 Gilan 681 16-Mar-20 Isfahan 450 14-Mar-20 Khorassan Razavi 457 16-Mar-20 Mazandaran  494 16-Mar-20 Golestan  343 15-Mar-20 Alborz 230 12-Mar-20 Kurdistan 151 13-Mar-20 Khuzestan 170 15-Mar-20 East Azerbaijan 150 16-Mar-20 Lorestan  138 14-Mar-20 Qazvin 121 14-Mar-20 Ilam 120 16-Mar-20 Kermanshah 110 11-Mar-20 Fars 106 11-Mar-20 Markazi 91 11-Mar-20 Yazd  80 16-Mar-20 Sistan and Baluchestan  48 14-Mar-20 Hamedan 44 15-Mar-20 Ardabil 42 15-Mar-20 Zanjan  32 11-Mar-20 Kerman 32 14-Mar-20 West Azerbaijan 15 12-Mar-20 Semnan 15 12-Mar-20 Hormozgan 10 12-Mar-20 North Khorasan 10 12-Mar-20 Chaharmahal and Bakhtiari 7 12-Mar-20 IRAN, THE NEW SOURCE OF THE PANDEMIC   The current COVID-19 crisis in Iran is not limited to the Iranian people; Iran has become the epicenter of the spre...
Read more

Homosexuals in Iran are having sex reassignment surgery to avoid execution

Image
According to reports within Iran, the country has around 4,000 sex reassignment surgeries every year, in an attempt to purge homosexuality from the Islamic Republic. Life for gay men in Iran continues to be a psychological nightmare. In the Islamic Republic, homosexuality is illegal and punishments usually range anywhere from torture to public executions. The Iranian regime's treatment of transexuals, however, seems on the surface to be a different matter altogether. Transsexuality was legalized in Iran in 1987 and the country has the second-highest number of sex reassignment surgeries (SRSs) per year, second only to Thailand. However, in an interview with the British Sun newspaper, Iranian-born activist Shadi Amin claimed that the reason for this high number of SRSs in the country is not as accepting as it may seem on paper. According to Amin, the Iranian government gives gay men the choice to go through the surgery in place of being tortured or executed. Amin said t...
Read more

Emmanuel Macron accuses Erdogan of meddling in Libya civil war conflict

Image
French President Emmanuel Macron has accused his Turkish counterpart Recep Tayyip Erdogan of breaking his promise to stay out of Libya. Mr Macron said Turkish warships accompanied by Syrian mercenaries had been spotted arriving in Libyan. Mr Macron said the presence of Turkish warships was "a clear violation" of what President Erdogan had pledged in Berlin during a conference on Libya with other world leaders. Mr Macron called Turkey's actions "detrimental to the security of all Europeans and Sahelians".
Read more