Mortgage product count has doubled in two years
The number of mortgages available to brokers has more than doubled (108%) in the past two years, research from Mortgage Brain shows.
Since the end of June 2015 the UK has seen more than 5,000 products introduced, taking the total to just shy of 10,000.
Mark Lofthouse, chief executive of Mortgage Brain, said: “The rapid increase in product availability over the past two of years is not only great news for mortgage advisers but a clear indication of the significant improvements the UK mortgage market has made in terms of product choice and availability.
“There are now over 5,000 more products available, and with strong rises being seen across all areas, advisers now have more opportunities to source and advise on a greater variety of products, and importantly, continue to meet the changing needs of their clients and their mortgage requirements.”
Of that 10,000 there are currently over 2,600 buy-to-let products – an increase of 149% from June 2015.