More than 40% of mortgages withdrawn as market reels after mini-budget

Lenders began pulling products on Monday as they struggled to price products amid financial uncertainty

• Kwasi Kwarteng’s mini-budget: key points at a glance

More than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday, figures show.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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from The Guardian https://ift.tt/e7ZzHsk