Intermediary mortgage product numbers have broken the 6,000 mark for the first time since November 2008. This is according to Mortgage Brain’s latest Monthly Product Analysis.
Following three consecutive monthly increases, the total number of live mortgage schemes listed on its mortgage sourcing system currently stand at 6,009, as of 5 July, up 4% from 5,803 on 31 May.
Variable rate products climbed for the seventh month in a row during June, with current figures listing 488 products – up 15% from 426 at the end of May 2010.
Fixed rate deals now represent 3,764 of all available products, up from 3,612.
Trackers dropped 0.6% during June to represent 1,757 of all available products, however, the longer term analysis shows that over 1,000 new products have been introduced during the past year, representing a 210% increase in product availability over 12 months.
Mark Lofthouse , CEO of Mortgage Brain, said: “This time last year the overall number of products available to intermediaries hit an all time low of 2
