This is the sixth consecutive monthly rise in mortgage schemes available to intermediaries and represents a 47% increase in product availability over the past six months.

The total number of live mortgage schemes listed on its sourcing system now stands at 3,534 at 4 January, up 6% from 3,337 on 1 December 2009.

Fixed rate products remain dominant with 2,151 currently available products following a 5% increase in the past month.

Trackers saw the biggest increase last month at 38%, climbing for the fourth month in a row to represent 1,300 of all available products.

Variable rate products also increased last month by 3%, representing the first increase in four months. Current figures now stand at 354, up from 343 on 1 December 2009.

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Mark Lofthouse, chief executive of Mortgage Brain, commented: “Mortgage product numbers are at their highest level for 11 months and the consistent increase over the past six months is very encouraging and could represent a more solid indication of market stability and improvement.”