Millennium Post

Brexit: S'pore bank suspends loans for London properties

United Overseas Bank (UOB), one of the city-state's three homegrown lenders, said it was monitoring the market closely to determine when the loans would resume. "We will temporarily stop receiving foreign property loan applications for London properties," it said in a statement.

"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. "We are monitoring the market environment closely and will assess regularly to determine when we will re-instate our London property loan offering." 
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