Mortgage lenders abruptly removing deals is causing more harm to fragile market, brokers warn

lenders abruptly withdrawing deals is causing further harm to a fragile housing market, brokers have warned.

Nationwide Building Society, Britain’s biggest building society, said last week it needed to increase fixed rates to ensure they remained sustainable. It would spell bad news for people across the country who are concerned about their monthly bills, particularly for those who are about to renew their mortgage deal or who are trying to get on the property ladder.

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