![]() More now from Sir Keir Starmer, who has been taking questions from the media in Scotland as he visited Rutherglen - the constituency of MP Margaret Ferrier. You can read more from our business reporter Sarah Taaffe-Maguire below: ![]() "However, withdrawals may influence other lenders to follow suit and reconsider their own propositions." "When lenders withdraw mortgage products it can be in reaction to interest rate volatility, or even down to demand," Moneyfacts spokesperson Rachel Springall said. There's worse to come, the group said, as other lenders may do the same. According to financial information company Moneyfacts, there has been a drop of 38 mortgage products across Thursday and Friday. There are also fewer mortgages on the market for prospective borrowers. It follows moves by lenders such as Halifax, Santander and Atom Bank who also upped their rates by up to 0.2 percentage points this week. Nationwide has said interest rates on new fixed-rate mortgages will rise 0.45 percentage points. "If it does not, then the union stands ready to proceed with the ballot for industrial action that we have prepared for."īritain's largest building society has made some mortgages more expensive as the Bank of England's interest rate is now expected to rise higher than previously thought. "The invitation to talks may indicate that the government intends to change its approach to pay for this year and we must make every effort to ensure that whatever opportunities this provides, we try to deliver the best possible outcome for our members. He said: "All we have asked is for the civil service to be treated fairly and with respect - the approach to pay in 2023 was one way of demonstrating this. In a statement, FDA general secretary Dave Penman said the decision to ballot for strike action "was intended to send a clear message to ministers" that civil servants were valued the same as the rest of the public sector. The FDA union, which represents thousands of civil servants, has announced it is pausing a planned ballot on industrial action after the government invited representatives to enter talks in a long-running pay dispute.Ī ballot of the union's members in 46 employers across the civil service was due to open on Tuesday, and it would have been the first time the union would have balloted for strike action in 40 years.
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