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U.K. Market Turmoil Ripples Into Home Loans

U.K. Market Turmoil Ripples Into Home Loans

LONDON—Some British banks paused new mortgage lending Tuesday, the latest fallout from market turbulence fueled by the new government’s plans for sweeping tax cuts and energy subsidies. At least six mortgage lenders stopped offering some loans, or briefly halted lending to home buyers altogether, according to UK Finance, an industry trade group. HSBC Holdings PLC—Europe’s biggest bank by market value—stopped making new mortgages midday.