British banks pull mortgage deals amid pound turmoil

Markets wait to see what action the Bank of England will take over interest rates

One lender said it would temporarily stop making home loans to new customers, citing volatile market conditions.

Lenders have begun to withdraw mortgage deals in Britain as concerns rise that the Bank of England will have to hike interest rates to support sterling.

Lloyds Banking Group said in a statement that its Halifax subsidiary would make changes to its mortgage product range “as a result of significant changes in mortgage market pricing”.