Deals above 90% loan to value (LTV) have seen the biggest increase – up by almost a fifth over the last six months alone, according to data from Mortgage Brain.
Since the beginning of the year, mortgages for those with a deposit of 10% or less have increased by more than half.
At the same time, an additional 1,811 products – or 30% increase – have come to the market at 70% LTV and above.
The amount of buy to let products have also shown a similar increased by around 30% over the past 12 months, the data showed.
There are a total of 12,570 mainstream mortgage products available according to Mortgage Brain’s sourcing systems – up from 9,782 at the beginning of December 2017.
Mark Lofthouse, chief executive of Mortgage Brain (pictured), said: “The increase in competition, an influx of higher LTV products and more lenders in the market, has clearly had a big impact on the growth of product numbers and availability over the past 12 months.
“Compared to this time two years ago, the market has seen a 53% uplift in product availability. While this shows that the market is in a much healthier place for all concerned, the continued growth in product numbers means that matching a client’s needs to the best products available is more important than ever.”