Ipswich Building Society has become the latest lender to pull a selection of its high-LTV products because of large demand.

Specifically, it is removing its 90 per cent LTV 2.79 per cent discount for purchase and remortgage, leaving borrowers the choice of a 75 per cent LTV fix for purchase and an 80 per cent LTV product for remortgages.

As well as this, the lender is removing its expat buy-to-let two-year fix at 3 per cent product. The 80 per cent LTV two-year holiday let fix will remain, however.

Ipswich Building Society chief executive Richard Norrington says: “We have been closely monitoring our business levels and, even following previous product withdrawals, have continued to see a high volume of applications across our product range.

“Therefore, following overwhelming demand for our 90 per cent LTV range, we are reluctantly now withdrawing from this market. We are working hard to process the backlog of applications and will be actively looking to relaunch as soon as we can prudently do so.”

Yesterday, 29 June, Moneyfacts analysis showed that the number of 90 per cent LTV deals on the market now stands at a tenth of the levels seen in March.