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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

More than 40% of mortgages withdrawn as market reels after mini-budget

Kwasi Kwarteng Moneyfacts Bank of England Defaqto
For sale and sold signs outside houses
Some of Britain’s biggest mortgage lenders say they will be revising their offers within days. Photograph: Yui Mok/PA

More than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday, figures show.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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