“Following the sharp drop off in availability in 2020, it is positive to see that we are beginning 2021 with the total number of mortgage deals rising for the third consecutive month.”

The number of residential mortgage products has risen for the third consecutive month to 2,893 – the highest availability recorded since April 2020 as the impact of the pandemic was beginning to be felt, the latest Moneyfacts data shows.

The largest monthly growth in availability was at 90% LTV, where the number of products almost doubled, increasing by 72 to 160, the highest seen since June 2020.

Those with higher levels of equity or deposit have also seen an improvement. At 75% LTV, availability rose to 629 deals, the highest level

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