SALES NEWS :- Number of mortgages to choose from increases by a quarter
The number of mortgage products for buyers and landlords to choose from increased by no less than 24 per cent during 2017. The information comes from a mortgage broker called Mortgage Brain. It says:
- there are now some 10,380 different mortgages available in total;
- the number of buy to let mortgages increased by 32 per cent in 2017;
- home buyers saw their choice of mortgage rise by 14 per cent.
Actually securing a mortgage is of course tougher than before, as lenders have to meet increasingly strict criteria set by the Bank of England. But in response mortgage firms are widening choice to try to accommodate the different circumstances of borrowers.