moneysupermarket.com: Mortgage deals pulled by lenders

Commenting on the number of mortgage products pulled by lenders in the last week (27/10/2008), Louise Cuming, head of mortgages at moneysupermarket.com said, "Last week was a grim one in the mortgage market with the number of deals available falling 23 per cent (in a week) from 4,930 to just 3,785. Since April 2007 the number of mortgage products on offer has now fallen by 86 per cent. Most of the products that were scrapped last week were sub-prime, highlighting the disappearing options for these borrowers."