Many homeowners across the country may be worried about their mortgage repayments following the Prime Minister and the Chancellor's mini-budget on Friday (September 23).
The tax-cutting measures proposed by Liz Truss and Kwasi Kwarteng, which tanked the value of the pound, has led to turmoil on the markets. Lenders have been withdrawing mortgage products from sale and pricing deals upwards in response to current conditions.
The choice of mortgage products is continuing to shrink, according to Moneyfacts.co.uk. Some 2,340 mortgage products were on sale on Thursday – down from 2,661 on Wednesday, after the choice fell by a record 935 products between Tuesday and Wednesday.
