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Evening Standard
Evening Standard
Vicky Shaw

Average shelf life of a mortgage ‘falls to record low of just eight days’

The mortgage market has experienced the ‘worst upheaval to mortgage choice since the mini-budget’, Rachel Springall, a finance expert at Moneyfacts, said (Joe Giddens/PA) - (PA Archive)

The average “shelf life” of a mortgage is just over a week – which is around half the length recorded in the aftermath of the mini-budget – according to a financial information website.

At the start of April, mortgages were sitting on the market for just eight days before disappearing, Moneyfacts said.

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