Choice of mortgage deals ‘at more than double the level seen last October’

Moneyfacts counted 5,264 options available in May 2023, up from 2,258 in October 2022, when the market was digesting the impact of the mini-budget.

The choice of mortgage products on the market has grown to more than double the levels seen in October last year, according to Moneyfacts (Joe Giddens/PA) (PA Archive)

The choice of mortgage products on the market has grown to more than double the level seen in the aftermath of the mini-budget last autumn, according to a financial information website.

Moneyfacts counted 5,264 options available in May 2023, marking the highest total since February 2022, when 5,356 mortgage products were on the market.

Back in October last year, 2,258 deals were available. Many mortgage products had been pulled from sale, amid market turmoil.