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Daily Mail - Yet more mortgage misery for Brits as HSBC hikes rates for the second time in a week

Daily Mail - Yet more mortgage misery for Brits as HSBC hikes rates for the second time in a week

Britain's mortgage woe deepened today as HSBC revealed it would withdraw more deals from the market and financial experts warned further pain is on the way. The bank said it was pulling deals for the second time in less than a week, with all new business residential mortgages being removed their broker services at 5pm today 'in order to maintain our service levels', before its rates rise again tomorrow. It comes after HSBC temporarily withdrew all residential and buy-to-let new business mortgage deals via brokers last Friday to stay 'within our operational capacity'. Mortgage holders are facing ever-higher repayment costs amid concerns the Bank of England will raise interest rates again on June 22 to help keep inflation under control. See the experts view:

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Link to Original Article: Daily Mail - Yet more mortgage misery for Brits as HSBC hikes rates for the second time in a week