The Times - Lenders pull 1,000 mortgage deals — here’s what to do

Banks and building societies have taken nearly 1,000 mortgages off the market in the three weeks since the Middle East conflict began.

Aaron Strutt from the mortgage broker Trinity Financial told The Times lenders would struggle to cope with the rush of business. “Banks and building societies have had a huge number of applications as brokers rush to secure their clients cheap deals. Some lenders have potentially had a week’s worth of business in a day or two, which means that their service standards are slipping.”

Mr Strutt added: “Rates are still not that high, even with all these price rises, but they could keep going up. The mortgage acceptance criteria is still the same and lenders are still keen to attract borrowers.”

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