The number of mortgage products available to UK mortgage brokers has risen for the seventh month in a row, according to Mortgage Brain’s latest monthly product analysis.
A 4% increase in product availability during June has taken the total number of live mortgage products listed on its sourcing system to their highest level since 28th April, 2008.
Current figures, as of 4 July, 2011, now list 12,525 mortgage products – up from 11,996 on 30 May 2011.
Mortgage Brain said positive movement was seen across the board for all main product types with variable rate products witnessing the biggest rise (21%) in product numbers to now represent 1,500 of all available mortgages.
A 6% increase (180 new products) during June saw the number of trackers climb for the third month in a row with current figures (as of 4 July, 2011) now standing at 3,237.
A fourth consecutive monthly increase (1%) has seen the total number of fixed rate products rise to their highest level since August 2008 and now represent 7,788 of all available mortgage products.
Over 4,000 new fixed rate products have been introduced to the UK intermediary mortgage market over the past year.
Mark Lofthouse, CEO of Mortgage Brain, said: “Further encouraging data has been extracted from this month’s product analysis