Mortgage product count up by 24% in 2017

Ryan Bembridge

January 24, 2018

The number of mortgage products on the market rose by 24% last year – with over 2,000 mortgage products being introduced, Mortgage Brain data has found.

The buy-to-let product count rose by a third (32%), while there were 22% more 60% loan-to-value options.

Mark Lofthouse, chief executive of Mortgage Brain, said: “While our latest data continues to show strong movement in product numbers over the past 12 months, our short-term analysis is showing that product availability could be stabilising with less movement seen in the number of additional products for most types during the last quarter of 2017.”

A total of 10,380 mainstream mortgage products are now listed on Mortgage Brain’s first and second charge sourcing systems, up from 8,373 in January 2017.

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