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The Independent UK
The Independent UK
Business
Vicky Shaw

Financial experts warn first-time buyers face ‘mortgage mayhem’

First-time buyers are facing a rapidly diminishing pool of low-deposit mortgage options, as lenders adjust their offerings amid shifting economic forecasts.

Analysis from Moneyfactscompare.co.uk reveals that more than 200 deals catering to borrowers with a 5 per cent deposit have vanished from the market since 6 March. This marks the most significant daily reduction in available options since the "mini-budget" period.

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