There has been a significant increase in the number of high loan-to-value (LTV) mortgage products, as lenders return to the market.

Mortgage borrowers with a 10% deposit now have almost double the choice of deals compared to September, according to new data.

Moneyfacts report that there are currently 80 mortgage products available at 90% LTV, up from 44 deals in September.

In the past week alone, the number has jumped from 65 to 80, the figures show.

But lending at 95% LTV remains extremely limited with just eight products currently on the market.

Eleanor Williams, spokesperson at Moneyfacts, said: “It is really encouraging that we are beginning to see more lenders relaunch products in the 90% LTV bracket, especially for those borrowers with lower levels of deposit or equity who may have felt they had little to no options to move forwards with of late.

“We have seen a few lenders put their toe into the water of high LTV lending with short-term, limited edition products which were only on offer for a day or so, therefore seeing further providers enter this arena could be demonstrating that mortgage providers are managing their operational demands and are keen to cater to these borrowers.”