Property News · September 29, 2022

More than 40% of mortgages withdrawn as market reels after mini-budget


Lenders began pulling products on Monday as they struggled to price products amid financial uncertaintyKwasi Kwarteng’s mini-budget: key points at a glanceMore than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday, the latest figures show.Lenders began suspending products on Monday as they struggled to price them amid the uncertainty on financial markets – and the volatility and number of offers being removed have snowballed this week. Continue reading…

Source : theguardian.com
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