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TODAY'S OTHER NEWS

Number of BTL mortgage deals up 149% in two years

The number of buy-to-let mortgage products available to UK mortgage advisers has increased by 149% over the past two years, fresh research from Mortgage Brain shows.

An additional 2,634 deals for landlords have been introduced into the UK mortgage market, up 149% from 1,058 in June 2015, Mortgage Brain calculated.

Overall, the number of mortgage products available to UK mortgage advisers has increased by 108% over the past two years, with an additional 5,172 deals introduced into the UK mortgage market since the end of June 2015, according to Mortgage Brain’s systems

A 48% increase in product numbers over the past 12 months has also helped to take the total number of live mortgage products from mainstream lenders listed on Mortgage Brain’s sourcing systems to a new high of 9,973 last month.

Mark Lofthouse, chief executive of Mortgage Brain, said: “The rapid increase in product availability over the past two of years is not only great news for mortgage advisers but a clear indication of the significant improvements the UK mortgage market has made in terms of product choice and availability.

“There are now over 5,000 more products available, and with strong rises being seen across all areas, advisers now have more opportunities to source and advise on a greater variety of products, and importantly, continue to meet the changing needs of their clients and their mortgage requirements.”

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