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More mortgage providers pull deals over rate rise fears

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Two more of the biggest mortgage providers have suspended mortgage deals as the Bank of England signalled it would raise interest rates to rein in inflation after the Chancellor's mini-budget.

Santander and HSBC withdrew mortgage products as the Bank's Chief Economist indicated it would hike interest rates to new highs in November and the cost of UK government borrowing rose.

#mortage #costofliving #crisis #government #lending

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Category
World
Tags
Sky News, Sky, Joe Bartlett
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