Mortgage partial lockdown

[Gin96]

How is this going to work if you need to remortgage:
www.bbc.co.uk/news/business-52106119

This article is about new mortgages, so doesn't affect remortgages

It’s just for new mortgages. I have my mortgage with them and they are excellent.

Thank that’s a relief

This sort of thing will only affect new mortgages really. It's to prevent their exposure if the market crashes 20-30%. The mortgage company is already invested/exposed to your property so there's nothing they can do about it, and still offering you deals means you're more likely to keep paying the mortgage in negative equity. (I'm using "your" in the sense of their customers.. you personally might well have lots of equity :))