Low deposit mortgages; a thing of the past?

Story link: Low deposit mortgages; a thing of the past?

Banks will continue to freeze out their deals on mortgages, where the buyer offers a 5% deposit, and are now turning their attention to the 10% deposit deals, as property prices continue to fall.

This will no doubt create a snowball affect on the current, already unstable market.

Low deposit mortgages; a thing of the past?

Mortgage deals for people offering a 10% deposit have almost evaporated from the market, according to figures obtained by the BBC.

Only 66 deals of this kind are still available, compared with 586 three months ago and 1,197 in February.