30 Jun '16, 12pm

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

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

Singapore-based United Overseas Bank , Southeast Asia’s third-largest bank by assets, has suspended loan applications for London residential properties as investors assess the uncertainties caused by the UK’s vote to leave the EU . Other Singapore banks are advising clients to be cautious over political and foreign exchange risks in the wake of Brexit . More On this topic Equity funds lose billions after Brexit Comment Brexit contagion could consume France My Brexit strategy Do nothing ECB keeps calm and carries on IN Property Vanke shareholder rejects ousting of board Brexit sell-off signals 5% house price fall Brexit effect casts pall over estate agents Foxtons shares drop after profits warning Gains from an increase in the value of a property could be eroded if sterling depreciates against the Singapore dollar, Singapore’s DBS Bank is warning clients. UOB , which is the...

Full article: http://www.ft.com/cms/s/2/f5bce8c2-3e80-11e6-8716-a4a71e8...

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