Lenders including Precise Mortgages, CHL and Moda are withdrawing and repricing their fixed rate ranges.
The war against Iran has already led to a rise in swap rates, which prompted many lenders to do the same increase mortgage interest rates and repricing their range.
Zephyr Homeloans will increase its fixed interest rate on March 24.
The lender said this was due to “continued movements in global markets”.
Precise Mortgages canceled several mortgages on the evening of March 19 due to “unprecedented market conditions”.
The lender has withdrawn its residential Tier 1 and 2 ranges and its 55-75% LTV products across all ranges.
Similarly, Rely withdrew its range on the evening of March 19 and relaunched a new range on March 20, citing unprecedented market conditions.
CHL Mortgages for Intermediaries will bring back the CHL1 product range on March 20 from 5 p.m.
Moda Mortgages will withdraw its limited edition range on March 20 at 5 p.m.