The total number of mortgage products across intermediary and direct channels rose 16% from an average in July of 5,208 to an average of 6,050 in August, according to TrigoldCrystal.

At the same time, there was only a 7% rise in direct products – 1,401 to 1,505. This compares to a 19% rise in intermediary products which rose to an August average of 4,545 from a July average of 3,807.

David Aylmer, business development and marketing director of TrigoldCrystal, said: “It is great to see more choice available in the intermediary product sector of the market. As an indicator of confidence in the sector this is very positive news.