Almost 800 UK mortgage deals pulled as concerns mount over interest rate rises

Property prices have proved to be resilient over the last year despite 12 interest rates rises, but some analysts predict a big fall to come. Photograph: Matt Cardy/Getty Images

UK banks and building societies have pulled almost 800 residential and buy-to-let mortgage deals in the past few days amid growing concerns over future interest rate rises.

In an echo of the crisis that engulfed the sector last autumn after the mini-budget that brought down Liz Truss, the number of residential mortgage deals has fallen by almost 7% in a week, according to figures from the financial data provider Moneyfacts.