Almost 1,000 new mortgage products hit the shelves in January - the biggest monthly increase in a year - according to sourcing firm Mortgage Brain.
The company's latest Monthly Product Analysis shows live mortgage schemes listed on its sourcing system increased 26% in the past month, from 3,534 on 4 January to 4,457 on 1 February. Figures suggest product availability has now increased for seven consecutive months. Fixed, tracker and variable products all rose in January. Trackers increased by 40% last month, from 1,029 on 4 January to 1,434. Fixed-rate products still hold the high ground, however, with current figures listing 2,664 of all available products following a 24% increase in January Variable-rate products climb...
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