Abbey pulls final 100 per cent

The last remaining lender in the 100 per cent market, Abbey's decision has hammered the final nail in the coffin for deposit-less buyers.

A spokesperson for Abbey said: ""In order to maintain high service levels on the business we write, we are simplifying our mortgage range and repricing in some areas.

"Some of the less popular products are being withdrawn until further notice - including our 100 per cent loan to value option - however, we still offer a full range of mortgages across short and longer term fixed, tracker and flexible mortgages."

Abbey is also trimming its buy-to-let range 'in line with demand' offering only two-year fixed and tracker products to investors. It has removed the premier homebuyer solution and is increasing all fixed rates by between 0.11 per cent and 0.37 per cent, and two-year trackers by 0.35 per cent.