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Number of mortgage rates available via brokers up 108% in two years

The number of mortgage rates available through brokers has increased by 108% over the past two years according to data from Mortgage Brain.

The mortgage sourcing company's figures show an additional 5,172 products have been introduced into the UK market since the end of June 2015, representing a 108% uplift in product availability.

A 48% increase in product numbers over the past 12 months has also helped to take the total number of live mortgage products from the banks and building societies listed on Mortgage Brain’s sourcing systems to a new high of 9,973 as of 26 June 2017.

The number of buy-to-let mortgages has also increased over the same period with 2,634 buy-to-let products currently listed on Mortgage Brain’s systems. This is up 149% from the 1,058 products listed in June 2015.

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