Top new mortgage deals are on offer for an average of just 21 days before being whipped away.
This is the shortest on record and nine days fewer than last month, data analysts Moneyfacts found.
Competition is fierce among lenders, and rates hit an all-time low this summer. Yesterday, NatWest launched a five year deal at 0.99 pc for borrowers with a 40 pc deposit. Borrowers have the highest number of loans - 4,660 - to choose from since March 2020.
Eleanor Williams of Moneyfacts, says the short shelf life is linked to 'frequent rate-repricing by lenders to compete and get new business'.