The turbulence in Britain’s mortgage market has escalated after HSBC temporarily withdrew all its loans with only a few hours’ notice, last night.
HSBC has removed all its residential and buy-to-let products for new customers, with deals becoming available again on Monday. Products and rates for existing customers were still available, though.
An HSBC spokesperson said: “To ensure that we can stay within our operational capacity and meet our customer service commitments, we occasionally need to limit the amount of new business we can take each day.
“Our broker products will be available again on Monday, June 12.”