Housebuilders’ shares slump for second successive day after mini-budget alarm

By Joey Gardiner2022-09-27T10:42:00

Source: Shutterstock

Halifax drops products while some building societies 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 3% 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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