Those borrowing from any of the 'big-four' banks are being urged to 'hold off'
A warning has been issued to anyone who holds an account with Santander, Nationwide, Lloyds and Barclays. Customers who currently have a mortgage, or are planning on taking out a mortgage, with any of the 'big four' banks are being urged to 'hold off' for the time being.
Lewis Shaw, the owner of the broker Shaw Financial Services, echoed: “There’s every chance we could see the remaining big four [Lloyds Banking Group, Barclays, Nationwide and Santander] come to the party this week, too. Justin Moy, managing director of Essex-based EHF Mortgages, had a similar view, saying: "I am sure others will follow the lead from HSBC and NatWest later this week,” he said.
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