28% more buy-to-let products in the market this year
The number of buy-to-let products in the market have increased increased by 28% over the last 12 months to reach a high of 3,652 as of 3 December, Mortgage Brain has found.
This despite this market going through several periods of change and uncertainty in 2017.
Mark Lofthouse, chief executive of Mortgage Brain, said: “The increase in competition, an influx of higher LTV products and more lenders in the market, has clearly had a big impact on the growth of product numbers and availability over the past 12 months.
“Compared to this time two years ago, the market has seen a 53% uplift in product availability. While this shows that the market is in a much healthier place for all concerned, the continued growth in product numbers means that matching a client’s needs to the best products available is more important than ever.
“The latest Mortgage Brain sourcing systems, have over 200 first charge product search criteria, which is crucial in helping advisers to quickly best match the needs of their clients to the products available.”