The number of mortgage products available has more than doubled in the last 12 months showing that stability is finally returning. There are now over 10,000 mortgage products available which is the highest level in 18 months.
We continue to see rates being reduced regularly with the latest lenders including major high street names such as Nationwide, Virgin, TSB, Santander and Accord in addition to niche lenders such as Aldermore, MPowered and Foundation Homeloans. Including a sub 5% rate from Virgin Money on a 5 year fix.