UK mortgages: nearly 800 deals pulled amid interest rate fears

Rates rising for new fixed-term home loans, figures from Moneyfacts show

Nearly 800 residential and buy-to-let mortgage deals have been pulled during the past few days by UK banks and building societies amid concern surrounding future interest rate rises, data has revealed.

The figures from the financial data provider Moneyfacts also show rising rates for new fixed-term home loans, after last Wednesday’s inflation figures moved markets to bet that the Bank of England will raise the cost of borrowing beyond 5% this year.