A new report said that the amount of mortgage products has surpassed over 3,000 in the market. Since July 2009, the number of services has risen up to 42%, according to a survey from moneysupermarket.com.

When there were 28,413 on the market, the amount of products was still down 90% from three years ago. The largest growth has been seen in the last five-year offerings, due to the fixed-price mortgages, which eventually saw an increase by ten times since June last year.

Hannah-Mercedes Skenfield, Mortgage Manager at the price comparison site, said, "It is encouraging for consumers those banks and building societies are starting to return to the market. There had been good news over the last couple of months for first-time buyers as there has been an increase in the number of lenders offering 85 and 90 per cent mortgages".

In 2010, there is a boost for both the banks, as well as the building societies as they can return to the markets. It is seen to be an encouraging period for the patrons, as the period of doubt and uncertainty has ended.

For England and Wales, the Land Registry announced a year-on-year hike of 8.5% in April as the rise in the house prices. This marked a continuous increase in these prices.