UK Banks Pull Mortgage Deals From the Market as Rates Rise Again
- Lenders are repricing to reflect higher BOE and swap rates
- Cost pressures are mounting for British property buyers
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UK lenders are removing mortgage deals from the market again and increasing the rates they charge borrowers for fixed-rate products.
The number of home loan products available in the UK fell more than 3% over the holiday weekend to 5,012 on Tuesday, according to data company Moneyfacts Group Plc. Saturday saw the biggest one-day decline so far this year, with the number of products now at its lowest since March.