The cost of mortgage loans are set to rise
Lenders have started to withdraw their fixed-rate mortgage products in preparation for a possible Bank of England (BoE) interest rate rise.
Alliance & Leicester pulled its fixed-rate deals on Wednesday, and two other major mortgage lenders will now follow suit.
Lenders often withdraw mortgages when interest rates rise.
They base their borrowing costs on money market rates, which in turn are linked to the BoE's rate.
Price growth
On Wednesday, the UK inflation rate rose to 3.1%, which was higher than expected.
Many analysts now believe that a rise in UK interest rates in May is inevitable, with that feeding through into the money market rates, also pushing them higher.
This will result in higher costs for lenders and they will pass these on to consumers.
"Many lenders are currently offering rates below the money market rate and this cannot go on forever
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