ING Direct to stop accepting new mortgage business from Feb 28

The lender will stop accepting new applications from the end of next month and mortgage brokers will be asked to submit any new cases to Barclays' intermediary brand Woolwich from March onwards. The lender confirmed to Mortgage Solutions that all mortgages still being processed on that date would be completed but that no new business would be accepted from that date. A spokesperson for the bank told Mortgage Solutions: "ING Direct will stop accepting new mortgage applications from February 28. "All mortgages still in the pipeline on that date will be taken through to completion." ...