Scottish Building Society has temporarily paused new applications on certain ranges to allow it to maintain its current service levels.
Mortgages for new guest house, holiday let, self-build and residential discount borrowers will be withdrawn at 5pm on 18 August.
Pending applications can be submitted until the products are pulled. The mutual has encouraged brokers to call business development managers with any questions.
Stephen Brown, head of intermediaries, said: “We are currently experiencing unprecedented demand for our products.
“In order to allow us to maintain our levels of service to brokers and members, we have taken the decision to focus on our core offering – giving our members the opportunity to purchase residential properties.”
He added: “We plan to re-introduce the full range in the near future.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
