HSBC withdraws mortgage deals for new borrowers
The bank said on Thursday it would temporarily pull new deals, indicating mortgage market pressures.
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The bank said on Thursday it would temporarily pull new deals, indicating mortgage market pressures.
Average rate on two-year fix rose from 5.72 per cent to 5.75 per cent on Tuesday
Brokers have called on lenders to pledge to provide a minimum notice period of 24 hours to withdraw products, pointing to widespread removals over the past few weeks and heightened market uncertainty.
Riz Malik, director of Southend-on-Sea-based independent mortgage broker, R3 Mortgages: "The headwinds the Nationwide refers to have definitely
Across the UK, house prices fell by 0.1 month on month and by 3.4 annually in May, Nationwide Building Society said.