UK banks pull the most mortgage products in 3 years amid market turmoil over Iran

Reuters· June 15, 2026

UK banks have withdrawn the highest number of mortgage products in three years following market volatility linked to geopolitical tensions in Iran. This rapid reduction in available loan options indicates a defensive shift by lenders as they react to broader economic uncertainty. For the residential mortgage sector, this development signals potential challenges in product accessibility and a likely tightening of lending criteria in the near term.

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