Mortgages more easily available now

News from Moneyfacts suggest that mortgages are now become cheaper and more easily available.  The number of mortgages available for those with a 20% deposit has risen, while the number available for those people lucky enough to have a 40% deposit has shrunk.  Those with a 20% now have over 352 products available compared to 166 at the start of 2010.  This suggests lenders are becoming a bit more reasonable in their appetite for risk i.e. happy to lend against a  higher percentage of the property.  However, the number of mortgages available to people with a 10% deposit, mainly first-time buyers, is still low.

Have you been able to secure a mortgage that you would like?  Leave a comment to let us know.

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