Singapore banks have stopped issuing mortgages in London for Brexit

Singapore’s United Overseas Bank (UOB) has suspended the issuance of mortgages in London after the results of a referendum on Brexit. About it reports Reuters with reference to the representative of the credit institution.

“We temporarily cease to accept foreign bids for the loan on a property in London,” he said. “Given the uncertainty, we need to make sure that our clients are wary of investment in the London property market”, said the Agency interlocutor.

Reuters reminds that earlier, a number of Asian banks have decided to warn customers about the risks of buying real estate in the British capital.

June 23 in the UK held a referendum in which residents of the United Kingdom were invited to answer the question of whether they want to get the country out of the EU. 52% of voters voted for it. After the publication of the results of the plebiscite Prime Minister David Cameron has resigned. The pound to dollar fell to its lowest level since 1985.