The Mortgage Advice Bureau (MAB) reports that the number of mortgage products has grown to 16,620 in October. The biggest driver for this growth has been an increase in the range provided by the intermediary market.

Subsequently, total mortgage applications made through brokers rose 28.7% year-on-year in October, resulting in the largest number of applications in any month since the index began tracking the data in January 2009.

The head of lending at MAB, Brian Murphy, believes that the greater availability of suitable and affordable deals “will improve customer choice and provide more mortgages suited to a range of budgets.”