The eight-month peak means there are now 2516 homeloans to choose from. While this represents a continued steady improvement in recent months, it still pales into insignificance compared to the 30,107 mortgages available in August 2007 before the credit crunch hit.
Hannah Mercedes-Skenfield, mortgages channel manager at Moneysupermarket, said: “This is good news for buyers, as passing the 2500 barrier does suggest that those looking for a mortgage find more and more choice.
This is also now the third successive month on month growth of available products, which suggests the increases are sustainable.
Richard Morea, technical manager, London & Country, said: “It will take a long time to get back to 2007 levels, because at present, we have no adverse credit market and the buy-to-let market is hugely reduced compared to 2007 levels.
“I would not get overexcited and say the bad times are behind us, but it is encouraging to see that we have now had some consistency with products growing and hopefully lenders will continue with that. It will be small steps. If we see a bit of growth as each month goes by, it will be encouraging.”
