Brokers have faced a barrage of price hikes and disappearing products today and yesterday, including increases of up to 55 basis points by Barclays and up to 80bps at Nottingham Building Society among many others.

Other lenders are pausing all new fixed-rate lending while swap rates remain so volatile and the Moneyfacts overall average mortgage rate has surged by 59bps since the outbreak of war.

Dudley Building Society has emailed advisers this afternoon to say it is withdrawing all its fixed rates at 6pm today, including both residential and buy-to-let deals.

It says: “We’re working hard to bring refreshed fixed‑rate options back to market as soon as possible and will keep you updated on progress.”

Vida Homeloans is withdrawing its full product range at midnight tonight, due to “exceptional and rapidly changing market conditions”, but says it will relaunch fixed rate deals tomorrow morning.

Pepper Money has given notice that it will be increasing rates across its entire mortgage range at close of business tomorrow.

Kent Reliance told advisers it would be raising rates across its entire product transfer range at close of business tomorrow, while Saffron is also increasing prices on retention deals with effect from Thursday.

Meanwhile, Accord is increasing product transfers for buy-to-let by up to 46bps, also on Thursday.