Tag: caps

Nationwide caps mortgage lending due to virus

Image copyright PA Media The UK’s biggest building society has tripled the deposit it will ask for from first-time buyers. The Nationwide will lower its ceiling for mortgage lending to new customers in response to the coronavirus crisis. It said the change, from Thursday, was due to “these unprecedented times and an uncertain mortgage market”. First-time buyers are likely to… Read more →

New York City caps fees for food delivery apps

Image copyright Getty Images New York City has placed limits on how much food delivery apps can charge restaurants that use their platforms. The proposal, which was put to a vote on Wednesday, will cap fees at 20% and apply in emergency situations when restaurants must be shut. There have been complaints about fees charged by tech firms amid skyrocketing… Read more →