Mortgage choice at 11-month high

The choice of mortgages increased for the fourth month in a row in February, with the number of deals on the market reaching an 11-month high. Moneyfacts said the 10% deposit bracket experienced the biggest monthly increase in mortgage availability in February. The average “shelf life” that products are remaining on the market for is now 40 days, up from 28 days for the previous three months. Moneyfacts found that 3,215 mortgage deals were available in February – marking the highest number since March 2020. Since October 2020, total product choice has increased by 42% – the largest four-month increase Moneyfacts has recorded since 2007.

The I (08/02/2021)