UK mortgage turmoil continues as Santander pulls deals for new borrowers

Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed rates

Santander is the latest major bank to announce it is temporarily pulling its mortgage deals for new borrowers off sale as the turmoil in the home loans market shows no signs of abating.

Days after HSBC temporarily pulled down the shutters, Santander told mortgage brokers that it would stop accepting new applications for its “new business” residential and buy-to-let fixed and tracker rates at 7.30pm on Monday, with deals not becoming available again until Wednesday 14 June.

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