Sub-4% mortgage deals down to ‘a handful’ – and may not last
Original Article Summary
Over the past 72 hours, a large chunk of residential mortgage products has vanished, marking the sharpest short-term drop since the 2022 mini-Budget turmoil
PropMatch Curated Analysis
UK mortgage rates have surged from sub-4% to over 5% in just four weeks due to Middle East conflict concerns, with lenders withdrawing hundreds of deals in a sharp market shift reminiscent of the 2022 mini-Budget turmoil.
Investor Relevance
Critical for all property investors as higher borrowing costs directly impact acquisition affordability, refinancing expenses, rental yield calculations, and overall investment returns. Immediate implications for pending purchases and upcoming remortgages.
Original Source:
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