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The Guardian - UK

Business

Nadeem Badshah

HSBC temporarily withdraws mortgage deals for new borrowers

HSBC Nationwide

HSBC said it was withdrawing new deals ‘to ensure that we can stay within our operational capacity’. — HSBC said it was withdrawing new deals ‘to ensure that we can stay within our operational capacity’. Photograph: Martin Freeman/EyePress News/Rex/Shutterstock

HSBC has temporarily withdrawn mortgage deals for new borrowers due to a surge in demand ahead of expected rate rises.

The bank said on Thursday it would remove all its “new business” residential and buy-to-let products, with deals becoming available again on Monday.

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