Small deposit home buyers shrink back

At the other end of the scale, London was the region which saw the smallest proportion of small deposit loans approved.

This month only 14.3 per cent of loans were to this part of the market, compared to 17.9 per cent last month.

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London was the region most dominated by those with more cash or equity to put down.

In June 40.5 per cent of all mortgage loans were given to those with large deposits, higher than anywhere else in the UK.