he number of mortgage deals continues to shrink as lenders ration their home loans in favour of people who can put down larger deposits.

According to Moneyfacts, the number of deals on offer has shrunk by 65% in the past year and by a quarter since the start of November.
More than half the available home loans now require a deposit of 25% or more.


And there are now just 15 deals available to those borrowers with a once-normal 5% deposit.


"The vast majority of products lost in the last month are as a result of the loss of so many base-rate tracker mortgages," said Michelle Slade of Moneyfacts.


"A month ago there were 249 available, today there are just 45.
"With base rate falling to such low level, many lenders are choosing to severely restrict the number of trackers they offer or not offer them at all," she added.


From - BBC