Mortgage product numbers approach 10000

An additional 5,172 mortgage products have been listed on Mortgage Brain’s sourcing systems over the past two years, representing a 108% uplift in pro

An additional 5,172 mortgage products have been listed on Mortgage Brain’s sourcing systems over the past two years, representing a 108% uplift in product availability.

This takes the total number of live mortgage products to 9,973 (as of 26 June 2017), which is a rise of 48% over the past 12 months.

The number of buy-to-let mortgages has also seen a dramatic increase over the same period with 2,634 products currently listed on Mortgage Brain’s systems – up 149%, from 1,058 in June 2015.

Loan-to-value breakdown

Mortgage Brain’s analysis also breaks down product availability by loan-to-value (LTV) ratio for all mainstream lender products.

While representing the smallest product type by volume, 90%+ LTV products have shown the strongest performance over the past two years – increasing by 137% from 187 in June 2015 to now stand at 443.

An additional 3,961 products over the past two years represents a 97% uplift in the number of products with a 60% LTV or more, with 8,034 products currently available.

Mark Lofthouse, CEO of Mortgage Brain, comments: “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.”

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