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Re: New Prime Minister: Liz Truss
https://www.reuters.com/world/uk/uks...rs-2022-09-26/
Quote:
LONDON, Sept 26 (Reuters) - British lenders Virgin Money and Skipton Building Society on Monday temporarily withdrew their mortgage ranges for new customers because of the volatility in sterling funding markets, according to emails sent to brokers.
"Following a number of changes in the market, we have made the decision to temporarily withdraw all our products for new customers at 8pm tonight," Virgin Money said in its email to brokers, seen by Reuters.
"We continue to monitor the situation closely and currently plan to relaunch products for new customers towards the end of the week."
Earlier on Monday, lender Halifax said it had withdrawn its mortgage products with arrangement fees.
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Truss/Kwarteng/et al - "Trust the Free Markets on what we’ve done! The Markets know best!"
The Markets - devalue the pound/devalue Government Gilts/withdraw mortgage offers/react negatively to what they’ve done
Truss/Kwarteng/et al - "not that way!"…
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There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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