Housebuilder shares hit again as lenders pull mortgages

mortgage application

Halifax drops products while some building society have stopped lending entirely in wake of market turmoil

Shares in housebuilding firms have continued to fall following the news that major mortgage lenders, including the Halifax, have started withdrawing mortgage products in the wake of turmoil on the foreign exchange markets.

Major housebuilder share prices dropped by more than three per cent in early trading, following on from large losses yesterday, as a raft of lenders pulled products and others stopped lending entirely.

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