.BankofIrelandUK temporarily withdraws mortgage products amid financial market turmoil
Bank of Ireland UK is among lenders to temporarily withdraw mortgage products in the wake of financial market turmoil.
Danske Bank, one of the biggest lenders in Northern Ireland, said: "We are monitoring the competitive landscape closely to ensure our mortgage product offering is in line with the wider market."The Bank of England said on Monday it would "not hesitate" to hike interest rates after the pound hit record lows.
Experts said a rise in the cost of long-term borrowing meant the current cost to mortgage lenders of offering new deals was now more expensive.Owen Peden, managing director at PropertyPal Mortgages in Northern Ireland said people "were concerned" but not to panic."If your fixed rate is coming to an end in six months, act quick to secure the best rate.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Banks pull mortgage deals for new customers as brokers predict major shift in UK mortgage marketBanks and building societies including Halifax, the UK's biggest mortgage lender, are withdrawing some of their mortgages from sale - following market turmoil caused by the government's mini budget.
Consulte Mais informação »
UK lenders pause new mortgages amid market turmoil\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Consulte Mais informação »
Mortgage lenders including Clydesdale Bank pull hundreds of deals in wake of interest rate rise fearsHundreds of mortgage deals have vanished from the market as a fall in the value of the value of the pound led to forecast of highter interest rates.
Consulte Mais informação »
'Don't Panic' Pleas Fail To Calm Jitters As Pound PlungesLenders withdraw mortgages from sale after mini-budget sparked market turmoil.
Consulte Mais informação »
Boys' Brigade in NI decides to split from UK and Irish bodyBoys' Brigade in Northern Ireland (BBNI) decides to split from wider UK and Ireland body amid 'finance and cultural differences'
Consulte Mais informação »