First-time buyers with a small deposit have been left with even less choice after one of the biggest mortgage lenders in the market pulled its deals last night.

Britannia, which merged with Co-operative Bank in August, will no longer offer home loans to borrowers with a 10% deposit, the mortgages popular among first-time buyers.

The move leaves only a handful of lenders still willing to offer loans to buyers with small deposits.

The Times

Topics