Live mortgage schemes listed on its sourcing system increased by 4% in the past month. As of 1 December, 3,337 mortgage products were listed, up from 3,222 on 2 November. They now stand at their highest level since January 2009 and represent a 16% increase compared to this time six months ago.

Trackers continue to witness the biggest increase in product availability. The latest figures list 942 trackers, up 15% in the past month. Fixed rate products held steady during November seeing a marginal rise of nine products to bring the total number of fixed rate products to 2,052.

Variable rate products continue their downward slide, dropping for the third month in a row to stand at 343 – down 6% from November.

Mark Lofthouse, CEO of Mortgage Brain, commented: “Total mortgage schemes are at their highest for 11 months, which considering the turbulent year we’ve had is fantastic news and a great way to draw in the end of 2009. Everyone in the mortgage industry is well aware that there is still a long way to go on the road to recovery go but it is nice to finish the year on a high.”

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