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Homeowner loan availability 'on the rise'
The number of homeowner loans available in the UK has risen by 13 per cent since August, new figures have revealed.
According to Moneysupermarket.com, 2,430 products are now available to borrowers, although the figure is still 27 per cent down on statistics recorded at the start of this year.
The most significant growth in terms of product type has been in 85 per cent loan to value (LTV) products, which has enjoyed growth of around a third since January.
Hannah-Mercedes Skenfield, mortgage manager at Moneysupermarket.com, said that the research could be evidence the market is on "the long road to recovery".
She added that the growth of LTV products is also "encouraging" as a key problem for those looking to get on the property ladder recently has been "scraping together a deposit".
Recent figures from the Council of Mortgage Lenders suggested that gross homeowner lending in the UK reached £12 billion in November.