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UK banks withdraw mortgage deals from the market amidst another round of rate hikes

Photo by Chris Boland on Unsplash

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.

Read More : UK banks withdraw mortgage deals from the market amidst another round of rate hikes

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