Santander and HSBC withdrew mortgage products on Tuesday as the Bank's chief economist indicated it would hike interest rates to new highs in November
Santander is to temporarily remove its 60% and 85% loan to value products from the market and announced increased rates for new and existing customers, which are to be in place from 10pm on Tuesday. Customers who have already applied before that time will not be affected.
HSBC temporarily removed from sale new residential and buy to let products"with immediate effect" on Tuesday.
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