Property buyers with little in the way of a deposit are being shut out of the market as more lenders withdraw residential and buy-to-let mortgages with high loan-to-value ratios.

C&G and Lloyds TSB are the latest in a string of mortgage lenders to pull away from these loans. Lloyds TSB reduced its maximum loan-to-value to 95 per cent on Thursday and C&G to 90 per cent.