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A house made up of £20 notesMortgage availability for homebuyers has improved over the past month, according to figures from the financial information service Moneyfacts.

At the start of March there were 1,798 mortgage deals available which required deposits of between 0% and 40%. That was 6% more availability than a month ago and 68% more than a year ago.

There are still very few mortgages available with just 0% or 5% deposits, but there are now 489 deals that ask for 10% or 15% down-payments. That is 90% more than a year ago when there were just 258 such loans on the market. Read the rest of this entry »

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