HSBC, Santander and Nationwide suspend and reprice UK mortgages

HSBC and Santander, two of the UK's largest mortgage providers, suspended new deals on Tuesday, while Nationwide increased rates, as homebuyers chased a dwindling supply of home loans. Together with Lloyds Banking Group, which suspended some products on Monday, the lenders account for about half of the UK mortgage market. Banks still offering new mortgages on Tuesday morning - including HSBC, Barclays and NatWest - were being deluged with demand, according to brokers. Strutt said: "There's going to be a race to secure these mortgages tomorrow." Y Golding, chief executive of OneSavings Bank, said: "It's difficult to price fixed-rate mortgages now because the swap curve is so volatile."

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