Singapore Bank Halts London Mortgage Lending Following Brexit

Then London mayor Boris Johnson and David Cameron with Malaysian leader Najib Razak in 2013. This area of London, Nine Elms, is reportedly suffering sharp falls in price

by Richard Dyson and Amelia Murray

London’s residential property market suffered a further blow overnight as a major Singaporean lender said it would temporarily halt lending against homes in the capital.

Singaporeans have in recent years been among the biggest buyers of London property, favouring new-build, luxury flats.

United Overseas Bank is Singapore’s third-largest lender and in recent years has been a major provider of mortgages against British properties.

Continue Reading at…