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

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

More than 9,000 people has been fined for lockdown breaches

Image
More than 9,000 fines have been issued in England and Wales for breaching coronavirus lockdown restrictions. Almost 400 of those fined are repeat offenders and one individual was fined six times, according to data from the National Police Chiefs' Council (NPCC). In England, there were 8,877 fixed penalty notices issued between 27 March and 27 April, while in Wales there were 299. Police have been given powers to hand out a £60 penalty, reduced to £30 if paid within two weeks, for breaches of the lockdown rules. The fine is doubled for each repeat offence up to a £960 maximum.
Read more

393 die in UK after testing positive for COVID-19, taking total to 1,808

Image
Another 393 people have died after contracting coronavirus - taking the UK total to 1,808. The latest increase is a sharp increase from yesterday's rise of 180. The government has said there are now 25,150 confirmed cases of coronavirus in the UK. In England, a further 367 people who tested positive for coronavirus have died, bringing the total number to 1,651. The patients were aged between 19 and 98 years old and all but 28 of them had underlying health conditions.
Read more