Twenty7tec has reported that mortgage product availability hit another record in March, with 25,218 products on offer by month end.
This figure topped February’s high of 25,090.
Twenty7tec data also showed that on average, 25,074.4 products were available each day in March.
Additionally, the number of available products rose by 128 compared to the end of February, a 0.51% increase.
Nathan Reilly (pictured), director at Twenty7tec, said: “March has once again delivered a strong performance for the mortgage market, with product availability continuing to climb and setting yet another record – surpassing February’s previous high of 25,090 to reach 25,218.
“This is now the 20th consecutive month where product volumes have exceeded the same month the previous year, and it’s clear that the Buy To Let market is playing a key role, particularly in the remortgage space.
“The £150k–£250k valuation band saw the biggest spike in product growth, heavily influenced by recent stamp duty changes, and we’re also seeing sustained support for higher LTV borrowers, with over 1,800 products available in both the 90% and 95% LTV ranges.”
Reilly added: “As lender activity continues to grow, it’s vital that advisers are equipped to navigate this expanding landscape.
“Platforms like APPLY are helping them stay efficient, focused, and client-centred – especially as the volume and complexity of product choice shows no signs of slowing down.”
