Mortgages – don’t touch what you can’t afford

The number of mortgages available from lenders has more than doubled in the last two years, but other factors continue to block buyer’s routes to the housing market.

Research conducted by Moneyfacts shows that the number of residential mortgages fell to an all-time low two years ago, as the number of products dropped to just 1,097.

Today, the choice of mortgages has comfortably more than doubled to 2,447, with borrowers holding a 20% deposit seeing the number of deals increase by threefold over the period.

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