The product choice for buyers wanting mortgages is now the highest it has been since 2008 according to the independent service Moneyfacts.
At 5,315, the total number of products available in the residential mortgage sector has risen to the highest since March 2008 when it was 6,192.
Borrowers also now have more choice than they did pre-pandemic – in March 2020 the choice as 5,222.
Eleanor Williams, finance expert at Moneyfacts, says: “Availability has now eclipsed that which was offered prior to the onset of the pandemic in March 2020 and demonstrates a robust level of recovery in the residential sector.
“We recorded improvements in the level of choice across the majority of the Loan-To-Value brackets but most markedly at 90 and 95 per cent where the number of products rose by 39 and 37 products respectively this month.
“While the number of options for borrowers considering deals in these brackets remains slightly below that recorded in December 2019, when compared year-on-year the improvement is clear. This is supported by the fact that the…
