Salt withdraws entire mortgage range

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Salt, the intermediary arm of Derbyshire Building Society, has withdrawn its entire mortgage range with immediate effect, it announced today.

The firm says the move is down to unprecedented volumes of applications in recent days as product withdrawals elsewhere in the market are leaving buyers with limited choice. Salt, which reviews its mortgage rates daily, also says the products will be re-priced and available again from Monday. The decision follows similar moves from other lenders in recent weeks and is testament to the recent uncertain mortgage climate. Last month Salt withdrew its range of residential sub-prime mortgage products but the firm, at the time, said it remained “fully committed” to the intermediary market. C...

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