The number of mortgage products available to intermediaries has risen for the tenth month in a row, according to Mortgage Brain’s latest Monthly Product Analysis.

Over 500 new mortgage products were introduced into the UK intermediary mortgage market last month taking the total number of mortgage products listed on its sourcing system to a 41 month high of 14,361.

Mortgage Brain says this shows an 96% uplift in overall product availability compared to this time last year, and a 38% increase compared to six months ago.

Out of the three main product types variable rate products have performed the best over the past 12 months, witnessing a 126% increase since this time last year and now represent 2,224 of all available products.

Fixed rate products, which have remained the most popular product type for well over three years, saw a 3% increase (251 new products) during September and now account for 8,524 of all available products.

Trackers saw a 6% decline during the past month and now stand at 3,613. However, trackers have seen a 117% increase since October 2010.

Mark Lofthouse, CEO of Mortgage Brain, said: “The past few years have been incredibly challenging for the UK mortgage market