According to Moneyfacts, the number of home loans available on the UK market has been slashed by around two-fifths (41%) in just three months. In total, over 6,400 different mortgage products have been withdrawn.

The company found that the biggest cutbacks were in the sub-prime market, both in home-buying (72% cancelled) and buy-to-let (54%). In the prime mortgage markets, 20% of residential mortgages were pulled and 16% of buy-to-let mortgages.