Almost 1 000 Mortgage Deals Completed As Panic Grips Uk Housing Market Home Loans
Moneyfacts, which tracks the industry, said 935 of 3,596 mortgage products had disappeared between Tuesday and Wednesday, double the previous record of 462 at the start of the pandemic lockdown. The sudden change threatens to stall the housing market, with borrowers saying they have been unable to secure loans or had temporary offers withdrawn, while others are paying huge financial penalties to break their existing deals and lock in fixed rates for longer ....