High street mortgage lenders have reduced the rates of some of their fixed rate/tracker mortgages. The biggest drop in mortgage costs applies to those that have the ability to put down larger deposits of up to 30%.

Fixed rate deals for house buyers from Abbey, for example, have reduced twice in the last ten days (as at 11th July 2008). Although the offer of mortgages has been affected by the "credit crunch" there is a variety of mortgage deals being advertised for buyers who have a deposit of over 10% available.