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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

Nearly 300 UK mortgage deals pulled in a day as pound’s fall heralds rate rise

Terrace houses in south east London
On Tuesday there were 3,596 residential mortgage deals available, 284 fewer than on Monday. Photograph: VictorHuang/Getty Images/iStockphoto

Nearly 300 mortgage deals have been pulled in the last 24 hours by banks and building societies, after a fall in the pound fuelled forecasts of a jump in interest rates to nearly 6%.

HSBC and Santander were the biggest lenders to pull mortgage products, with Bank of Ireland, Clydesdale Bank, Post Office Money and building societies including Monmouthshire also among the brands to have withdrawn products, as lenders struggle to price loans.

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