The Telegraph - HSBC pulls all new mortgage deals after flood of demand
HSBC has pulled many of its mortgages after being overwhelmed by a rush of customers seeking to secure rates.
The bank on Thursday withdrew all residential, buy-to-let and business mortgage deals in order to stay “within our operational capacity”. HSBC, which accounts for almost a quarter of the home loans market, said it would relaunch its products on Monday.
Aaron Strutt, of Trinity Financial mortgage brokers, told The Telegraph: “I thought the rate changes were going to slow down this week but they have been pretty intense. It seems likely there will be more to come.”
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