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The Independent UK
The Independent UK
Business
Alastair Jamieson

Mortgage turmoil deepens as Santander pulls loans and interest rates could rise again

Santander HSBC Interest Rates Jonathan Haskel MPC Inflation United Kingdom Bank of England
PA Archive

Santander has become the latest major lender to temporarily pull mortgage deals for new borrowers, as a Bank of England policymaker warned that more interest rate rises “cannot be ruled out” to fix decades-high inflation.

The bank announced a temporary pause on some mortgage applications amid “changing market conditions” – days after HSBC and Nationwide also removed loans to make way for price hikes.

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