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Daily Mirror
Daily Mirror
Business
Levi Winchester

HSBC pulls mortgage products and Nationwide hikes deals over fears of rate rises

HSBC Nationwide Bank of England Rachel Springall Inflation Interest Rates Moneyfacts

HSBC has temporarily withdrawn mortgage deals for new borrowers over fears the Bank of England will raise interest rates again.

The lender published a message on Thursday afternoon, saying it will temporarily suspend "new business" residential and buy-to-let products through brokers.

HSBC had originally set a deadline of 5pm but it was forced to close applications earlier at 3.30pm after experiencing “significant demand”.

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