There has only been a slight change in the number of mortgage products available to UK mortgage intermediaries during the past six months.
According to Mortgage Brain’s latest Monthly Product Analysis, compared to the start of July 2011, the total number of live mortgage schemes listed on its mortgage sourcing system has increased by just 6% (an additional 759 new products).
Fixed rate products showed a 2% drop in overall availability since July 2011. Meanwhile, a 4% increase in tackers has seen their availability rise slightly over the same period from 3,237 to 3,378 as of 2nd January 2012.
Variable rate products, however, whilst representing the least number of mortgage products, have shown the strongest performance over the past six months – increasing by 50% from 1,500 on 4th July 2011 to now stand at 2,252.
Mark Lofthouse, CEO of Mortgage Brain, said: “The past two years have seen vast improvements in product availability for intermediaries