The decision by Britain’s biggest mortgage lender to clamp down on high-value lending has prompted expectations that some others may follow suit.

Mortgage rates could be on their way up again as a result of this week’s market turmoil, experts warned today.

Halifax ended a turbulent week for the mortgage market today with the announcement that it was repricing its mortgage range.

The name Northern Rock could disappear from the High Street within a year as a result of the current woes facing the bank, experts said today.