The was little change in product availability during February 2011, according to Mortgage Brain’s Monthly Product Analysis.
Compared to the start of the month, the total number of mortgage products listed on its sourcing system increased by 1.5% during February – an additional 151 products. Current figures now list a total of 9,895 available mortgage products.
12-month analysis shows products numbers up 103% from 4,876.
Fixed rate products continue to dominate the product type, despite a 0.6% drop in February, to bring the current total to 5,948.
Variable rate products also witnessed a slight drop (0.4%) during February, with current figures listing 1,106 products, down from 1,110 at the beginning of the month.
Trackers remain the second most popular product type and climbed by 7% to represent 2,841 of all available products.
Mark Lofthouse , CEO of Mortgage Brain, said: “We’re edging ever closer to the big 10