In numerical terms, Mortgage Brain said there were now 5,175 more products available than 24 months ago.
Mark Lofthouse (pictured), CEO of Mortgage Brain, said: “The rapid increase in product availability over the past two of years is not only great news for mortgage advisers but a clear indication of the significant improvements the UK mortgage market has made in terms of product choice and availability.”
He added: “There are now over 5,000 more products available, and with strong rises being seen across all areas, advisers now have more opportunities to source and advise on a greater variety of products, and importantly, continue to meet the changing needs of their clients and their mortgage requirements.”
Mortgage Brain’s latest analysis also shows a breakdown of product availability by loan-to-value ratio for all mainstream lender products.
While representing the smallest product type by volume, 90%+ LTV products have shown the strongest performance over the past two years – increasing by 137% from 187 in June 2015 to now stand at 443.
For products with a LTV of 60% or more there are now an additional 3,961 products than two years ago, representing a 97% uplift. In total there are a total of 8,034 products in this category available to advisers.