Beacon Home Loans has today withdrawn from the self-certification market.
There are now no UK mortgage lenders active in the sector. The news comes hard on the heels of Platform’s exit from self-cert announced on 4th November.
All outstanding self-cert deals offered to date must be packaged and submitted today, after which the lender will stop taking deals from any source.
Beacon said it cannot extend the current tranche of funding it has which runs until February 2010. Existing offers are not affected.
