Choice of mortgage deals shrinking

Press Association
For sale signs
For sale signs

The choice of mortgages for people with a 10% deposit has shrunk by almost a quarter in six months, while the number of deals for borrowers with a 5% deposit has nearly halved, research has found.

Comparison website MoneySupermaket highlighted the struggle faced by first-time buyers and those with smaller deposits to find a mortgage, despite the recent launch of a scheme to encourage lending.