Borrowers face another painful interest rate hike next week after a Bank of England official said more action was likely to be needed to defeat inflation.
That will take interest rates from 4.5% to 4.75%.
Because of this, Santander has become the latest bank to pull its entire range of mortgage deals for new customers, as rising interest rates continue to wreak havoc on the housing market. Both Santander and HSBC were forced to suspend rates on new residential and buy-to-let offers after it was flooded with applications from borrowers desperate to refinance.