Yet another mortgage provider has yanked one of its products from the shelf, this time it is EBS Building Society and the product; tracker mortgages. They have announced that new mortgage applicants will have a less weighty portfolio to consider when it comes to their mortgage options. It appears the crisis is continuing to crunch on the credit players, as another bank tightens its belt what does it mean for their current clients?

EBS have also announced that their existing customers that have tracker mortgages with them will not be affected by their move to axe the product but will be able to continue enjoying the benefits as offered. The same can be said of their customers that are yet to have the papers for their tracker mortgage drawn up but have already had an offer for it. They too will be able to continue to enjoy the benefits of the mortgage type as per the terms of the agreement signed.