Hundreds of mortgage deals have now been pulled with experts warning interest rates could rise to six per cent next year - and homeowners could face having to find thousands of pounds extra each year
Hundreds of mortgage deals have been pulled from the market in a scramble following the Chancellor’s mini-budget last week.
Halifax, Virgin Money, HSBC, Santander, and Skipton are all among banks that have pulled deals in the past two days. “Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture, as it is important that fiscal policy does not work at cross purposes to monetary policy.”
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