The number of mortgages available for first time buyers with small deposits has shrunk even further in the wake of Nationwide’s decision to pull its 95% loan-to-value mortgages.

According to data compiled for Housing Today by Moneyfacts.co.uk, there was, as of close of play on Friday, not a single two-year fixed rate mortgages left available for general borrowers with just a five per cent deposit.

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