Homebuyers have significantly less choice in the current market than they did three months ago, with a 40% reduction in mortgages since July. According to research from financial website moneyfacts.co.uk, recent problems in the sub-prime mortgage sector - mortgages issued to people with bad credit histories, have resulted in an overall reduction in mortgage availability. As a result, lenders are tightening up their criteria and taking a more cautious approach....................

Full story: yourmortgage.co.uk