Mortgage product numbers stabilised

The number of mortgage products available to UK mortgage intermediaries has stabilised with data from Mortgage Brain’s latest Monthly Product Analysis showing marginal change in overall availability during the past six months.

Compared to the start of July 2011, the total number of live mortgage schemes listed on its market leading mortgage sourcing system has increased by just 6% (an additional 759 new products) indicating a reasonably slow and steady stabilisation in product movement in the UK intermediary mortgage market.

An analysis of the industry’s three main mortgage types further supports this with Fixed rate products showing a mere 2% drop in overall availability since July 2011. A 4% increase in Trackers 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.

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