BBC News - New mortgage deals being pulled within days

Aaron Strutt Image

Mortgage deals are typically on offer for just 15 days before being pulled, despite homeowners and buyers having the widest choice for 16 years.

This is the shortest shelf-life in six months, according to financial information service Moneyfacts.

Product and communications director Aaron Strutt, from Trinity Financial, told the BBC some calmness had returned, but the average interest rate had been going back up.

"It is good news that borrowers have so many [mortgage deals] to choose from again. The only shame is that they are so much more expensive than they were," he said.

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