Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

UK Mortgage Product Choice Rises to Over 7,000 Options

The number of residential mortgage products available in the UK has increased to over 7,000 for the first time since March 2026. According to the Moneyfacts UK Mortgage Trends Treasury Report, there are now 7,132 mortgage options on the market, following the return of nearly 350 deals in May.

This expansion in product choice is particularly notable for borrowers seeking high loan-to-value (LTV) mortgages. The number of 95% LTV deals rose from 436 to 466 between May and June, while 90% LTV options increased by 20 to reach 891. At the 60% LTV tier, 19 new products were added, bringing the total to 810.

The average shelf life of a mortgage product has shortened slightly, moving from 16 days last month to 15 days in June. Moneyfacts attributed this change to lenders repricing deals in response to shifting swap rates.

Mortgage Pricing Trends

Average mortgage rates have fallen across all LTV categories. The typical two-year fixed rate dropped from 5.78% in May to 5.68% in June, while the average five-year fixed rate decreased from 5.68% to 5.63%. This marks the second consecutive month of easing average rates.

For 95% LTV mortgages, the average two-year fixed rate fell from 6.33% to 6.23%, and the five-year fixed rate decreased from 6.06% to 6.02%. At 90% LTV, the two-year fixed rate dropped from 6.05% to 5.94%, and the five-year fixed rate from 5.87% to 5.73%. At 60% LTV, the average two-year fixed rate declined from 5.28% to 5.17%, and the five-year fixed rate from 5.35% to 5.29%.

The average standard variable rate (SVR) remained unchanged at 7.13%. The typical two-year tracker rate fell from 4.61% in May to 4.48% in June. The overall average mortgage rate, which includes fixed, variable, and tracker deals, stood at 5.59% in June, down from 5.66% in May but still above the 4.9% rate recorded at the start of March.

These developments may be relevant for letting agents and inventory clerks monitoring market trends, as increased mortgage product choice and shifting rates can influence both landlord and tenant activity in the UK property sector.