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Mortgage live feed 28 September

ended 28. September 2022

Any new announcements from lenders, or any mortgage market-related developments you see that you think are interesting, drop them here throughout the day. We'll be sharing this live feed with all national and trade journalists so they will instantly get it.

5 responses from the Newspage community

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Imran Hussain
Director at Harmony Financial Services
An email from TSB just in they are withdrawing some of their product range, Residential 5 year Fixed First Time Buyer and House Purchase £995 fee products 3 year Fixed Remortgage products 5 year Fixed Remortgage products Buy to Let 2 year Fixed House Purchase and Remortgage £995 fee products 2 year Fixed House Purchase and Remortgage 75-80% LTV £0 fee products 5 year Fixed House Purchase and Remortgage 75-80% LTV £995 fee products
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Paul Neal
Mortgages & Equity Release Advisor at First Choice Financial Services
It's utter carnage out there right now. The wheels are coming off the mortgage market. Lenders are still withdrawing products, leaving brokers unsure when they will actually open again. We currently have 22 lenders who have stopped lending completely, and this list is only getting longer. Without mortgages, the property market could go pop.
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Jamie Lennox
Director at Dimora Mortgages
Email from HSBC at 11.24am saying all products are withdrawn today with immediate effect new products to be launched tomorrow (all increasing) Rate guide isn't available until tomorrow.
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Anil Mistry
Director and Mortgage Broker at RNR Mortgage Solutions
HSBC and Barclays are both doing limiting lending each day. Once their "quota" for the day is gone, then you can't submit anymore new applications until tomorrow.
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Alastair Hoyne
CEO, Finanze Capital at Finanze Capital
So many lenders have totally withdrawn all buy to let products, I have never seen anything like this. I researched for a mortgage last week and had 380 products available which reduced to 140 today. I am hoping this is going to be a very short-term measure (a few days!) But there is no way to know. 3 of our top 5 most used btl lenders have withdrawn all fixed products too.