Landsbankinn Puts Loan Applications on Ice because of the Verdict

RÚV

Factuality

Ownership

Landsbankinn has suspended the acceptance of new applications for housing loans until the weekend. This is stated in the bank's announcement published today due to the Supreme Court's ruling in the Consumers' Association case against Íslandsbanki earlier this week. The bank says that the Supreme Court's ruling gives reason to review the terms of variable interest rates in new housing loans and that new applications have therefore been postponed.…

Vísir

Factuality

Ownership

Landsbankinn believes that yesterday's Supreme Court ruling gives reason to review the terms of variable interest rates in new residential loans. The receipt of new applications for a home loan will therefore be put on hold over the weekend, while work will be carried out with clients on the processing of those loan applications already in process with the bank.