Ipswich Building Society has decided to limit its mortgage lending to allow for completion of a significant IT upgrade.
Spokesman Paul Winter comments on the decision to limit lending temporarily: “Like many financial institutions we need to ensure our systems are future-proofed and support the service standards our brokers and members expect of us.
“In order to reduce volumes in the run up to IT migration we will only be lending directly to our existing members with a reduced product range.”
“Our IT platform is expected to be completed during October and we look forward to returning to the market very soon.
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