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.