Virgin Money has temporarily withdrawn all of its mortgage products following a day of turmoil for the UK economy.
As of 8pm the lender will be closing the door for new customers, its product transfer range will remain available.
A statement read “Following a number of changes in the market, we have made the decision to temporarily withdraw all our products for new customers at 8pm tonight.
“This helps us to focus our resources on existing customers and applications already submitted.
“Our product transfer range for existing customers will remain available.
“We continue to monitor the situation closely and currently plan to relaunch products for new customers towards the end of the week.”
Brokers are advised that if they are applying for a new business product on behalf of a customer, that they should get their application in as soon as possible.
