First time home buyers may soon find the already semi impossible task of affording their first home even more problematic.
Lenders are expected to withdraw their best fixed rate mortgage deals from the market. Halifax has withdrawn its lowest fixed rate, which was 4.39% for two years. This follows hot on the heels of Alliance & Leicester's recent increase in interest rates, on its two and three year fixed rate deals earlier in the week.
You can expect more bad news soon.