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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK banks pull half of first-time buyer friendly mortgages after mini-budget

Moneyfacts
Man looking at estate agency window
In December 2021 there were 353 95% mortgage deals available; now there are 137. Photograph: Isabel Infantes/AFP/Getty Images

The number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home.

Data from Moneyfacts shows that the number of new 95% mortgages stood at 137 on Monday.

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