A third of all mortgage products have now been withdrawn by lenders since the government made its “mini budget” announcement, as the financial markets continue to react to the government’s plans for borrowing-funded tax cuts aimed at the wealthy.

According to the latest data from personal finance information provider Moneyfacts.co.uk, the number of mortgage products available to buyers of new homes had reduced by exactly 1,300 as of first thing this morning, equivalent to a culling of 33% of all available mortgage products in three working days.

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