Specialist buy-to-let lender Fleet Mortgages has withdrawn access to its products due to a funding shortage.
However, it anticipates the funding hiatus to be over before the end of this month, when a new product range will be in place.
In a briefing note to brokers, the lender said: “We have recently completed £400m of mortgage loans with one of the world’s largest asset managers. Due to the launch of our new products in December this tranche of funding was filled much quicker than we initially anticipated.
“We have therefore had to pull the current product range while we wait for the next funding line to be made available. We will keep you fully informed as to when the new product range will be launched.”