Mortgage products surpassed 2,500 for the first time since May last year, according to research from Moneysupermarket.
However, the 2,516 products are still very small compared to August 2007 when there were over 30,000 mortgage products on the market.
Hannah-Mercedes Skenfield, mortgages channel manager at Moneysupermarket, said that passing the 2,500 barrier suggested that those looking for a mortgage are finding more and more choice.
She added: “Where there is choice, there is competition. This is also now the third successive month on month growth of available products, which suggests the increases are sustainable. We are clearly a long way short of a full recovery, but we are at least moving in the right direction.”
