Lenders continue to make record levels of home loan products available, as the number of deals in March hit an all-time high, breaking levels set the previous month.

Twenty7tec says last month closed with a record 25,218 products on its platform, up from its previous high of 25,090 set in February.

The firm says: “The data marks the second consecutive month that product availability has surpassed the 25,000 threshold, as lenders continue to expand their offerings across all borrower types.”

March highlights include:

• Highest-ever average products available per day: 25,074.4
• Increase of 128 products compared to February month-end
• Up 0.51% on last month’s total

Twenty7tec director Nathan Reilly says: “March has once again delivered a strong performance for the mortgage market, with product availability continuing to climb and setting yet another record – surpassing February’s previous high of 25,090 to reach 25,218.

“This is now the 20th consecutive month where product volumes have exceeded the same month the previous year, and it’s clear that the buy-to-let market is playing a key role, particularly in the remortgage space.

“The £150,000 to £250,000 valuation band saw the biggest spike in product growth, heavily influenced by recent stamp duty changes, and we’re also seeing sustained support for higher LTV borrowers, with over 1,800 products available in both the 90% and 95% LTV ranges.”

Yesterday, the number of deals for borrowers with small deposits has reached its highest level for 17 years, according to Moneyfacts.

The availability of deals at 90% and 95% LTV is at a peak not seen since March 2008.

In the 95% LTV, the number of deals has now reached 442, while in the 90% tier there are now 845 products.