The number of mortgage products available through UK intermediaries has pushed beyond 10,000 for the first time in years.
Over 500 new products were introduced in March 2011, representing a 5% increase in product availability, which pushed the total number of live mortgage schemes to 10,418, according to Mortgage Brain figures. This was a 123% increase in product availability compared to 12 months ago when brokers had access to just under 5,000 products. More fixed rate products were launched in March than any other type, climbing 10% to 602 new products. They now represent 6,550 of available products from 5,948 on 7 March 2011. Variable rate products remained relatively stable with an increase of 0.5...
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