Mortgage lenders pulling new deals
Manchester Evening News|September 28, 2022
HUNDREDS of mortgage deals have vanished from the market in recent days amid wider economic turmoil.
Mortgage lenders pulling new deals

Analysis of the market by Moneyfacts. co.uk found that on Friday last week, the day of the mini-budget, 3,961 residential mortgage products were available.

By Monday this week, the total had fallen to 3,880.

By yesterday, it had shrunk further to 3,596 deals - a reduction of 365 compared to Friday, the analysis found.

The overall choice of mortgage deals remains significantly higher than it was during the depths of the coronavirus pandemic, which also caused significant economic uncertainty.

A particular low point was in October 2020, when 2,259 mortgage deals were available.

This story is from the September 28, 2022 edition of Manchester Evening News.

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This story is from the September 28, 2022 edition of Manchester Evening News.

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