Banks and building societies were contacted by the Financial Conduct Authority after the apocalyptic response to Chancellor Kwasi Kwarteng’s fiscal plans saw markets plunging into freefall.
More than 1,600 mortgage products were withdrawn leaving sellers and buyers in limbo.
At the centre of the crisis is concern over borrowers’ ability to pay interest rates above six per cent.
Some 3.2 million customers have fixed-rate deals that are due to expire in the next two years.
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