Two high street lenders have removed loans for borrowers with smaller deposits from the market.
Halifax has temporarily withdrawn all two-year fixes within its home mover and first-time buyer ranges at 80-85 per cent LTV.
Its three and five-year offerings at this lending tier are still available.
Ian Wilson, head of Halifax Intermediaries and Scottish Widows Bank, said: “We are committed to supporting the mortgage market, these changes will allow us to respond to customer demand and make sure we continue to offer the best possible service levels.”
Platform
Platform has temporarily withdrawn two of its mortgage products.
The five-year fixed fee-free product at 90 per cent loan to value (LTV) has been pulled, as well as the help to buy two-year fixed with fee-free and £999 fee options at 60-75 per cent LTV.
This has brought Platform’s maximum lending back down to 85 per cent LTV.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
