The total number of mortgage deals on offer has plummeted by more than 40% in the last few days as the fall-out from last week’s Mini-Budget continues.
Lenders concerned about possible Bank of England interest rate rises are pulling their products with some suspending their entire mortgage range.
Virgin Money, Skipton BS, Post Office Money, Vida Homeloans and various Bank of Ireland brands were among the first to stop offering any home loans to new customers.
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