The crash in the British pound has led to a wave of mortgage deals being pulled by UK banks.

We have stopped selling our mortgage range to new customers. According to Skipton Building Society, this is so they can reprice.

Virgin Money has put its mortgages on hold for new customers, as well as the UK's biggest mortgage provider, which will remove products with a fee from Wednesday.

MoneyFacts says that more than 350 mortgage products have been pulled from the market. The slide in sterling was caused by the UK government's plan for tax cuts.

The Bank of England needs to raise its interest rate to support the pound after it fell to a record low on Monday. The cost of borrowing goes up when the BoE's base rate is higher than expected.

The uncertainty surrounding the BoE's next move has made it harder for mortgage lenders to price their products accurately.

The BoE wouldn't hesitate to change interest rates as needed to cool inflation, according to the central bank's governor. The fall in sterling will be assessed by policymakers at their November meeting.

Bailey didn't call an emergency meeting before the central bank's next meeting.

The Telegraph reported that several smaller mortgage providers have pulled some deals for now.

Some mortgage lenders plan to launch new product ranges in the near future.