Since bank rate reached 0.50% on 5 March 2009, the number of products requiring a minimum of 15% deposit has risen from 169 to 231, those requiring a minimum of 10% have risen from 89 to 105.
But as lenders wanting to appear more accommodating with their loan to value criteria, we are not seeing the same trend in the cost of mortgages, with only few providers cutting rates and the average rates remaining fairly static.
The average 2 year fixed rate mortgage is 5.06% at present, identical to July '09's figure and has increased from 4.84% eight months ago.
The average 2 year tracker rate is currently 3.76%, compared with 3.86% on 5 March 2009.
The total number of residential mortgage products has grown from 1,431 to 1,564 products since March this year.
