Liz Truss and Kwasi Kwarteng have caused panic but markets WILL recover, top mortgage advisor claims

dailyrecord.co.uk:

An Ayrshire mortgage advisor admits the country's economic turmoil has left him feeling more like a counsellor to worried clients.Top broker Andrew Lindsay heads an independent firm helping first time and experienced buyers alike to find their dream homes.But after the fall-out of last Friday's mini-budget that has sent markets into freefall, his phone has been ringing off the hook for other reasons as customers hit the panic button ahead of their big moves.However, Andrew insists the chaos sparked by Prime Minister, Liz Truss, and Chancellor, Kwasi Kwarteng, will not stop families from going about their business.He told Ayrshire Live: "A lot of the figures being quoted around potential mortgage rises are spooking people — they are turning on the telly and are terrified."It is a worrying time, there's no question, but you'd be forgiven for thinking there were no mortgages on offer at the moment and that the marketplace had collapsed.

That simply isn't true."The reality is that we deal with more than 120 lenders around the UK. They pull products every single day so that is nothing new.

But you never get to hear about that."Because a couple of the bigger firms have taken evasive action with a limited number of their products at the moment, it is making big headlines.The Ayrshire Live app is available to download now.Get all the local news in your area – plus features, football news and the latest on the coronavirus crisis – at your fingertips 24/7.The free download features the latest breaking news and exclusive stories while you can customise your page with the sections that matter to you.The Ayrshire Live app is available to download now on iOS and Android."As a result my phone is ringing off the hook with people