West Brom withdraws remortgage range
West Brom Building Society has withdrawn its remortgage product range in response to the coronavirus outbreak.
Already submitted applications will continue, while those with a decision in principle have seven days to submit their application.
In an email to mortgage brokers, West Brom said: “In light of recent developments concerning the coronavirus which presents a number of challenges across our industry and wider society, from close of business today, Monday 23 March, we have made the decision to take the precautionary step to reduce the number of products available in our portfolio.
“This includes the withdrawal of our remortgage range for the time being.
“This decision will enable us to maintain critical services to both you, your clients and existing members of the society during this challenging period.
“We will continue to review our operational capacity over the coming weeks and hope that we will return to business as usual as soon as possible.
“Thank you for the continued support in this difficult and challenging time.”