Better choice for advisers as deals hit two-year high

The number of mortgage schemes available to brokers has climbed to its highest level in two years, according to Mortgage Brain’s monthly product analysis.

A 5% rise in product availability during October has seen the num-ber of mortgage schemes listed on its mortgage sourcing system rise to 7,654.

This brings the number of products available to brokers to its high-est level since October 2008, when it was 8,106.

Mark Lofthouse, chief executive officer of Mortgage Brain, says: “The data from this month’s analy-sis is encouraging and is a further indication of the positive direction that the market seems to be heading in.”