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Evening Standard
Evening Standard
Business
Jonathan Prynn

Santander withdraws its cheapest mortgage deals in sign price war may be over

Santander

Some of the cheapest fixed rate mortgage deals in the market were withdrawn today in the first “canary in the coal mine” warning sign that rising gilt yields may be now feeding through to the price of home loans.

Santander said it was “temporarily” shelving eight residential and remortgage deals, all for five year fixed terms from 10pm tonight.

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