Rise in Mortgage Choice for Homeowners and Buy to Let Sectors

Story posted: 13.07.17

According to new data released by sourcing operator Mortgage Brain, the number of mortgage products has doubled over the past two years.

A total of 5,172 additional mortgage products have been introduced into the UK market since the end of June 2015, equating to a 108% increase.

Buy to let mortgages has also seen a dramatic increase over the same period with 2,634 products – a 149% increase from the 1058 in June 2015.

Mortgage Brain’s latest analysis shows a breakdown of product availability by loan-to-value ratio for all mainstream lender products.

The report also indicates, “While representing the smallest product type by volume, 90% + LTV products have shown the strongest performance over the past 2 years – increasing by 137% from 187% in June 2015 to the present standing at 443.”   

“An additional 3,961 products over the past 2 years represents almost a doubling in the number of products with a 60% LTV or more with 8,034 products currently available.”


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