Over 200 mortgage products were withdrawn from sale over the weekend as lenders continue to reprice following higher than forecast inflation figures.
However, despite the withdrawals lenders who were some of the first to pull products for repricing have now started to return with new products.
On May 30th Moneyfacts released figures showing that the total number of available mortgages has decreased from 5,385 to 5,012 in just a week.
Since the ONS released the inflation figures on May 24th the average cost of a 2-year fixed rate mortgage has increased by 0.38%.
The withdrawal of products has led brokers to call on lenders to increase notice periods before product withdrawals take place.
The Bank of England is expected to make its next decision on interest rates on 22nd June where it is expected to increase the base rate once more.
