News for hackers. Stuff that matters.

A comment on UK banks and lenders suspend offering new mortgages amid market turmoil. Parent comment

Re:UK banks and lenders suspend offering new mortgages amid ... by happymellon on Wednesday September 28, 2022 @01:18AM (#33004499)
Do we have an article talking about some financial institutions suspending new mortgage offers in the Eurozone?

I'm not saying that inflation isn't a problem elsewhere, I'm saying that the issue in this scenario is that the markets are panicking due to general long term financial mismanagement and doubt over the sustainability of current policy from both the Government and the Bank of England.

[ Parent | on HN ]
Re:UK banks and lenders suspend offering new mortgages amid ... by dazc on Wednesday September 28, 2022 @11:14AM (#33008963)
Borrowing rates will have to rise, as they have done already in the US, as everyone has been fully aware for sometime.

My confidence in financial institutions ability to see what is clearly in front of them has been severely tested over the past few months.

[ Parent | on HN ]