More than 40% of mortgages withdrawn as market reels after mini-budget
by Phillip Inman from on (#646N8)
Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty
More than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday, figures show.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.
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