Mortgage products remain at three year high

The number of mortgage products available to UK mortgage intermediaries has remained at a three year high for the second month running, according to figures released from Mortgage Brain’s Monthly Product Analysis.

For the first time in 11 months the total number of live mortgage schemes listed on its market leading mortgage sourcing system dropped slightly (down 1%) during October. Current figures, as of 31st October 2011, now list 14,203 products compared to 14,361, which were listed at the start of the month.

The slight decline (a withdrawal of 158 products), however, is easily overshadowed by the longer term analysis, which continues to paint a positive picture of the current UK mortgage market. The latest data, which represents a 42 month high, shows an impressive 86% uplift in overall product availability compared to this time last year, and a 21% increase compared to six months ago.

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