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Buy to let drives 86% rise in mortgage product numbers

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  • 21/09/2016
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Buy to let drives 86% rise in mortgage product numbers
The number of products available to UK mortgage advisers has risen by 86% in two years, with buy-to-let mortgages seeing the most sector launches.

The buy-to-let market saw 637 new products coming on stream over the past 12 months. The total number of buy-to-let products now stands at 1,853 – representing a 52% increase since September 2015.

A total of 7,481 mainstream lender products, which exclude direct and exclusives, are listed on Mortgage Brain’s systems, which is a leap up from 4,031 in September 2014 and again 49% from 5,019 last year.

High loan-to-value (LTV) products have also proliferated over the last 12 months, with research showing a 47% increase of mortgages with a LTV ratio of up to 90%.

Advisers can now access almost 300 90% LTV products, a leap from 201 in September 2015.

Mortgages with an LTV of up to 80% have seen a similar increase with 510 new products coming to market over the past year. A total of 1,641 products are now available representing a 45% increase from the 1,131 that were available in September last year.

Mark Lofthouse, CEO of Mortgage Brain, said: “There are over 3,400 more products available now compared to two years ago and this growth in product numbers means that matching a client’s needs to the best products available is more important than ever.”

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