First-time buyers unable to offer a large deposit could find their options squeezed, figures show.
First-time buyers are at particular risk from the squeeze on mortgages, as they usually have less in savings to use as a deposit.
"Product availability has plummeted since March, when thee was hundreds of deals to choose from. There are now very few. Those who had expected to get a foot onto the property ladder may now hold their plans, particularly if they only have a 5% deposit," she said.HSBC became the latest lender to temporarily restrict lending on 90% loan-to-value deals in what one mortgage broker described as a"sign of the times".
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