Bank of Ireland and The Loughborough Building Society are among the latest lenders to withdraw selected mortgage products, as the fallout from last week’s base rate decision by the Bank of England continues to impact the mortgage sector.
Following the announcement that the base rate would rise to 5%, the market has seen a wave of product withdrawals, with lenders forced to pull products in order to reprice.
Today, Bank of Ireland revealed that it would increase rates across its entire buy-to-let (BTL) range, as of 9am tomorrow (30th June).
The Loughborough Building Society announced a number of product withdrawals, including its First Homes 5-year fixed and its Shared Ownership 5-year fixed.
The Society will withdraw the selected products as of close of business on Monday, 3rd July.
