Bank apologises after mortgage refused over Ukrainian refugees

The lender said there was a risk he could rent out the space for commercial gain in the future

An Ukrainian and Union flag flying above Spanish City in Whitley Bay, North Tyneside. Picture date: Friday May 6, 2022 (Owen Humphreys/PA) (PA Archive)

A bank has issued an apology after rejecting a homeowner’s mortgage application due to them hosting two Ukrainian refugees.

A mother and her young daughter have been staying in an annexe at Dominik Zaum’s family home since June 2022.

Fixed-rate mortgage deals leapt up in the wake of last autumn’s disastrous mini-budget, with many predicting they will continue to edge up even further as the Bank of England looks set to hike interest rates.