Barney McCarthy from Which? Mortgage Advisers said:
“The speed at which banks have overtaken building societies as the dominant force in low-deposit lending highlights how quickly the current mortgage market is moving, and just how important it is to seek independent mortgage advice.
“Help to Buy has helped improve mortgage prospects for first-time buyers. But with the increasing number of options now available, it is vital first-time buyers enlist the services of an expert to ensure they get the best mortgage for their circumstances.”