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29
APR
2020

Number of available mortgage products increase for the second week in a row

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Last week saw the number of available mortgage products increase for the second week in a row to 8,044 products, an increase of 488 (5.9%) from the previous week.

Much of the growth has been seen in the re-mortgage sector where product numbers increased by 5.4%, while home mover products increased by 2% and BTL product numbers reduced by 1.9%. When compared to pre-pandemic levels, the number of mortgage products is still 6,630 (45.2%) lower than the nine-week average to 16th March but the good news is that the increase is a result of lenders coming back to the market, increasing LTVs and relaxing criteria.

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