Over Three Thousand Mortgage Deals Available, reports London Mortgage Brokers London Mortgage Advice Tuesday, 8th June 2010

Having reached a low of 2,177 in July 2009, what has now happenned is that the number of different mortgage products available to borrowers has passed the 3,000 mark. Yes,3000+ mortgage deals are now on the market.
The mortgage market peaked in June 2007 when there were 28,413 different mortgage products for borrowers to choose from on the UK market, according to data compiled by price comparison website Moneysupermarket .com.

Following the credit crunch until July 2009, that number then fell quickly and steadily

Remaining 90% lower than the June 2007 high mark, product numbers have picked up by 42% since then.

As a for instance, the number of five year fixed rates have increased by 10 times the number on offer in June 2009.

"After a period of uncertainty in the market, in 2010 we have started to see confidence return, and although we are still a long way off the highs of 2007, it is encouraging for consumers that banks and building societies are starting to return to the market."The financial crisis really hit the mortgage market hard with the number of products falling by a massive 92%."Over the past couple of months we have also started to see some relaxation in the number of products for borrowers with small deposits, with a number of lenders reintroducing products offering 85 and 90 per cent mortgages. This is good news, particularly for first-time buyers." Hannah-Mercedes Skenfield, mortgage manager at moneysupermarket.com, said.