The total number of live mortgage schemes listed on its market leading sourcing system increased by an encouraging 15% in the past month. Current figures (as of 5th October 2009) list 2,868 mortgage products, up from 2,505 on 31st August 2009.
The increase during September brings the number of live mortgage schemes available to its highest level since May 2009, when figures stood at 3,222. Since then, two significant drops have been seen followed by three consecutive increases.
Trackers witnessed the biggest increase during the past month, climbing by 32% to 666 products, followed by Fixed rate products up 14% to 1,804. Variable rate products, however, are on the decline for the first time in four months having dropped by 4% during September to 398.
Mark Lofthouse, CEO of Mortgage Brain, commented, “Overall the data from this month’s analysis is encouraging. Total mortgage schemes are at their highest for five months, the number of Trackers and BTL products increased significantly and the higher level LTV products also increased. However, the appetite for offering adverse products is exceptionally limited.
“As we’ve always said, there’s still a long way to go but it’s encouraging to report positive figures as we start to head for the end of an extremely turbulent year.”
