Prospective first-time homeowners and borrowers with smaller deposits have far less choice compared to a year ago, according to Moneysupermarket with high loan-to-value mortgages disappearing.
Analysis by the website found the number of 90 per cent mortgages has fallen by 26 per cent from 330 products this time last year to 244.
Meanwhile, the number of 95 per cent mortgages has fallen by 43 per cent from 49 products to just 28 and there has also been a drop in products specifically for first-time-buyers, which have fallen 31 per cent from 1,786 to 1,225.
A number of lenders that were offering 95 per cent mortgages six months ago have since withdrawn them from the market. These include Cambridge, Ipswich, Nottingham, and Skipton Building Societies.
Is this hampering you from buying?