The number of available mortgage deals at 90% and 95% loan-to-value (LTV) have climbed to their highest levels since March 2008, new data published by Moneyfacts has shown.

According to the latest Moneyfacts UK Mortgage Trends Treasury Report, the availability of deals at 95% LTV have risen to 442 in April, its highest point in 17 years when there were 575 in March 2008.

The availability of 90% LTV deals increased to 845, also at its highest point in 17 years, when there were 957 in March 2008.

Product choice overall has also increased in April, to 6,870 options, which is up from 6,307 options in April 2024, and the highest number since October 2007 (7,421).

Finance expert at Moneyfacts, Rachel Springall, said: “The flourishing choice of low deposit mortgages will no doubt be welcomed by borrowers who are either looking to remortgage or are a first-time buyer.

“The Government has been clear that it wants lenders to do more to boost UK growth, and so a rise in product availability for aspiring homeowners is a healthy step in the right direction.

“However, there is still much more room for improvement, particularly as the choice of deals at 95% LTV represents just 6% of all deals available to borrowers across fixed and variable mortgages. The end of Stamp Duty Land Tax (SDLT) relief last month could also be playing its part to incentivise lenders to push out more deals to entice new business.”

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