High LTV mortgages: lots more fixed rates now available, but few trackers

Number of fixed-rate mortgage deals at 90%+ loan-to-value has almost doubled in a year

There are now 147 fixed-rate mortgage available if you have less than 10 per cent deposit — an 88% increase on the 78 products available in February 2009.

Speaking of fixed rate mortgages generally, not just high LTV, the increase is more modest: 46% more products than at this time last year. The average loan-to-value on a fixed-rate mortgage is up 1.3 percentage points to 76.8%.

Tracker mortgage borrowers, however, are not so well served at high loan-to-value ratios. The number of tracker mortgages with a loan-to-value above 90 per cent grew only slightly, from 43 to 51 in the last twelve months.