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Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors British bitcoin investors trying to use their earnings to buy real estate are facing difficulties in securing loans from mortgage lenders. Several building societies refuse to work with them even after they converted the cryptocurrency to fiat and provided a paper trail for its origins. Also Read: Pineapple Will Match up to $4M in Bitcoin to Test Curing PTSD With Psychedelic Drug Squeamish Mortgage Lenders A number of UK building societies (financial institutions owned by their members like credit unions in the US) have said that they would not accept any money obtained from cryptocurrency-related transactions. This is despite the fact that there is no law or regulation in the UK which can legally prevent people from paying for a mortgage with fiat whose origin is bitcoin trading. One broker described to the Financial Times how he was unable to secure a loan for a client because: The first mortgage lender I rang asked me what
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