According to one leading mortgage provider, the days of the 100% mortgage are now firmly in the past as the UK comes to terms with the credit crunch.
Chief executive of Nationwide Graham Beale commented, "For good-quality borrowers there is still choice and availability but it is more expensive and there is a repricing of risk."
He added, "I can't see 100 per cent loan-to-value loans returning in the market in the medium-term let alone the short term."
The average minimum deposit now required from lenders is around 5% according to recent findings.