The impact of the coronavirus again dominated the headlines this week after another extraordinary seven days in the mortgage industry.
Product changes from the big lenders got the most interest, as Nationwide stopped applications above 75 per cent LTV, with similar moves from NatWest and other lenders.
In positive news, Halifax brought back deals up to 80 per cent LTV and Mortgage Solutions revealed the FCA is preparing a fees support package for smaller firms.
NatWest and Nationwide issue furloughed worker guidelines
Nationwide withdraws mortgages above 75 per cent LTV
Nationwide extends mortgage offer periods and widens digital valuation use
FCA preparing fees support package for smaller firms – exclusive
Halifax Intermediaries relaunches 80 per cent LTV range
‘This crisis should encourage brokers to change how they operate’ – Marketwatch
HSBC maintains 95 per cent LTV mortgages
Nationwide ups product transfer rates
OSB and Precise stop new apps and halt pre-offer cases
NatWest and Metro Bank withdraw high LTV product ranges