30 Jun '16, 10am

London Home Loans Suspended By Singapore Bank

London Home Loans Suspended By Singapore Bank

A bank in Singapore has become the first in the world to suspend loans for the purchase of homes in London, citing uncertainty over the UK's vote to leave the EU. United Overseas Bank (UOB) said: "We will temporarily stop receiving foreign property loan applications for London properties. "As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments". It added that it would keep the suspension under review. The announcement reflects not just the meltdown on financial markets in the wake of last week's vote - but also wider concerns for the health of the global economy, with Asia firmly in focus. The Singaporean dollar has gained 10% against the pound since the referendum result. It means the value of assets held in Britain have been eroded in value. While Singapore'...

Full article: http://news.sky.com/story/1719585/london-home-loans-suspe...

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Singapore Bank Suspends London Home Loans

Singapore Bank Suspends London Home Loans

news.sky.com 30 Jun '16, 8am

A bank in Singapore has become the first in the world to suspend loans for the purchase of homes in London, citing uncerta...

Brexit uncertainty prompts Singapore bank to halt London home loans

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standard.co.uk 30 Jun '16, 7am

Another sign that last week's Brexit vote could hit the London property market emerged today, as a major Singaporean bank ...

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money.cnn.com 30 Jun '16, 10am

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independent.co.uk 30 Jun '16, 7am

“As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are...

Brexit: Singapore bank suspends London property...

bbc.co.uk 30 Jun '16, 7am

Image copyright Getty Images Image caption Singapore's other big lenders said they were closely monitoring the situation O...

Brexit: Singapore bank UOB suspends London prop...

bbc.co.uk 30 Jun '16, 7am

Image copyright Getty Images Image caption Singapore's other big lenders said they were closely monitoring the situation O...

Brexit: Singapore bank UOB suspends London prop...

bbc.co.uk 30 Jun '16, 7am

Image copyright Getty Images Image caption Singapore's other big lenders said they were closely monitoring the situation O...

(Free) Singapore based bank suspends London property loans due to uncertainties over Brexit.

(Free) Singapore based bank suspends London pro...

ft.com 30 Jun '16, 12pm

Singapore-based United Overseas Bank , Southeast Asia’s third-largest bank by assets, has suspended loan applications for ...

Brexit: Singapore bank suspends London property...

money.cnn.com 30 Jun '16, 9am

Why this British town voted to leave the EU A top Singaporean bank has stopped providing loans for London property purchas...

Brexit: Singapore bank suspends London property...

money.cnn.com 30 Jun '16, 1pm

Why this British town voted to leave the EU A top Singaporean bank has stopped providing loans for London property purchas...

Top bank suspends London property loans

money.cnn.com 30 Jun '16, 1pm

Why this British town voted to leave the EU A top Singaporean bank has stopped providing loans for London property purchas...

Singapore based bank suspends London property l...

ft.com 30 Jun '16, 8am

June 30, 2016 7:19 am Download Asian bank suspends London property loans on Brexit concerns Jeevan Vasagar in Singapore Sh...

BBC News - Brexit: Singapore bank UOB suspends ...

bbc.com 30 Jun '16, 7am

Image copyright Getty Images Image caption Singapore's other big lenders said they were closely monitoring the situation O...

Singapore bank UOB suspends London property loa...

cityam.com 30 Jun '16, 8am

Singaporean bank UOB has become the city state's first lender to suspend loans for London properties citing uncertainty ca...