UK banks pull half of first-time buyer friendly mortgages after mini-budget

Data indicates there are only 137 such products now available compared with 353 in December last year

The number of low-deposit 95% mortgages on sale has fallen by more than half since last month's scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home.

Data from Moneyfacts shows that the number of new 95% mortgages stood at 137 on Monday.