Five hundred mortgage products disappear overnight

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Five hundred mortgage products disappear overnight

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10-01-2008, 02:48 AM

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Five hundred mortgage products disappear overnight

The rescue of Bradford & Bingley (B&B) has prompted a mass withdrawal of mortgage products from the already depleted UK market. According to financial website, Moneyfacts, around 500 home loans have been withdrawn since the beginning of this week. The number of mortgages available for residential and buy-to-let borrowers fell 11% in 24 hours to 3,469. Residential [...]

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