The products increased by only 0.2% in August with an additional five products added. Fixed rate products remained the most popular, accounting for 1,586 of the total number of live mortgage schemes, followed by trackers at 506 and variable at 413.

Current figures as at 31 August stand at 2,505. Although they remained stable during August, they were down by a massive 78% compared to the end of August 2008 when 11,544 mortgage schemes were available to intermediaries.

The year on year figures also reveal a big decline in the number of trackers and fixed rate schemes, which have dropped by 88% and 78% respectively.

Mark Lofthouse, chief executive of Mortgage Brain, said it was no surprise little movement in product availability was seen as August is one of the quietest months in the year.

He added: “We are clearly still a long way off where we were this time 12 months ago but the current figures, especially when compared to product activity over the last three months, could be seen as further signs of market stabilisation.”

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