A new study by Home Buyer Systems reveals that UK mortgage brokers are no longer offering 90% LTV deals to remortgage customers or second-time buyers.

There is only one exception to this finding; a deal that would cost customers £130 a month more.

Borrowers can still access 90% LTV mortgages directly from lenders.

Richard Angliss, managing director of Home Buyer Systems, said: “Direct-to-lender products have consistently been cheaper for borrowers since the dual-pricing issue first came to light in July, making it harder for brokers to earn procuration fees.”