{"id":130062,"date":"2022-09-29T20:23:02","date_gmt":"2022-09-29T13:23:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-than-40-of-mortgages-withdrawn-as-market-reels-after-mini-budget\/"},"modified":"2022-09-29T20:38:58","modified_gmt":"2022-09-29T13:38:58","slug":"more-than-40-of-mortgages-withdrawn-as-market-reels-after-mini-budget","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-than-40-of-mortgages-withdrawn-as-market-reels-after-mini-budget\/","title":{"rendered":"More than 40% of mortgages withdrawn as market reels after mini-budget"},"content":{"rendered":"


\nLenders began pulling products on Monday as they struggled to price products amid financial uncertaintyKwasi Kwarteng\u2019s mini-budget: key points at a glanceMore than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday, the latest figures show.Lenders began suspending products on Monday as they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 \u2013 and the volatility and number of offers being removed have snowballed this week. Continue reading…
\n
\nSource : theguardian.com
\nRead more…More than 40% of mortgages withdrawn as market reels after mini-budget<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lenders began pulling products on Monday as they struggled to price products amid financial uncertaintyKwasi...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130062","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xPM","jetpack-related-posts":[{"id":171170,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-mortgages-up-by-800-a-year-amid-trumpflation-from-iran-war\/","url_meta":{"origin":130062,"position":0},"title":"New mortgages up by \u00a3800 a year amid \u2018Trumpflation\u2019 from Iran war","date":"March 17, 2026","format":false,"excerpt":"\r Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says MoneyfactsBusiness live \u2013 latest updatesBritons taking out a new home loan face paying nearly \u00a3800 a year more on average than before the Iran war as \u201cTrumpflation\u201d pushes up UK mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-buyers-left-powerless-as-mortgage-deals-hang-in-balance\/","url_meta":{"origin":130062,"position":1},"title":"UK house buyers \u2018left powerless\u2019 as mortgage deals hang in balance","date":"October 2, 2022","format":false,"excerpt":"\r Chancellor\u2019s mini-budget sees home loans withdrawn and purchasers left in limboHomeowners and potential buyers have been left feeling \u201ctotally powerless\u201d this weekend as thousands wait to find out whether their mortgage deals will now cost them hundreds of pounds extra a month while brokers report people already pulling out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-next-10-days-crucial-in-how-much-rates-rise\/","url_meta":{"origin":130062,"position":2},"title":"UK mortgages: \u2018next 10 days crucial\u2019 in how much rates rise","date":"September 27, 2022","format":false,"excerpt":"\r Building society chief responds as stock market falls and pound slides after Kwarteng\u2019s mini-budgetMortgage rates in the UK will rise further in coming days, and the next 10 days in financial markets will be crucial in determining how high they will go, according to the head of Principality building\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6\/","url_meta":{"origin":130062,"position":3},"title":"UK mortgages: average rate on a two-year fixed deal soars to nearly 6%","date":"October 4, 2022","format":false,"excerpt":"\r Government\u2019s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage dealsThe average rate on a two-year fixed mortgage has jumped to just under 6%, according to data released on Tuesday, dashing hopes that government efforts to calm the financial markets might ease the cost\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-deals-how-to-navigate-the-rollercoaster-rates-ride\/","url_meta":{"origin":130062,"position":4},"title":"UK mortgage deals: how to navigate the rollercoaster rates ride","date":"February 17, 2023","format":false,"excerpt":"\r Amid a debate about what is happening to the housing market, what are your options?We are in the grip of a mortgage price war, according to some experts \u2013 but it probably won\u2019t feel like that if you are staring down the barrel of much higher monthly payments.It is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-for-october-fall-10-after-mini-budget\/","url_meta":{"origin":130062,"position":5},"title":"UK mortgage approvals for October fall 10% after mini-budget","date":"November 29, 2022","format":false,"excerpt":"\r Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020The chaos in the mortgage market that followed Kwasi Kwarteng\u2019s now infamous mini-budget led to a 10% fall in the number of mortgage approvals during October.According to the latest figures from the Bank of\u2026","rel":"","context":"In "Property 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