Mortgage Brain’s Monthly Product Analysis has indicated that the number of live mortgage schemes has climbed for the sixth month in a row.
The total number of live mortgage schemes listed on its sourcing system now total 3,534 (as of 4 January 2010), up 6% from 3,337 on 1 December 2009.
The number of mortgage schemes available to UK mortgage intermediaries is now at its highest level since the same time last year and represent a 47% increase in product availability over the past six months.
Trackers saw the biggest increase last month (38%), climbing for the fourth month in a row to represent 1,300 of all available products.
Current figures show 2,151 available fixed rate products following a 5% increase in the past month.
Variable rate products also increased last month (3%), representing the first increase in four months. Current figures now stand at 354, up from 343 on 1st December 2009.
Mark Lofthouse, CEO of Mortgage Brain, said: “Mortgage product numbers are at their highest level for 11 months and the consistent increase over the past six months is very encouraging and could represent a more solid indication of market stability and improvement.
