There are now more than 12,000 mortgages on the market after a bumper September when an extra 1,287 products were released.
The mortgage product range is now three times bigger than in April 2009, when there were just 3,867 products avalialbe.
And it is the first time in more than four-and-a-half years that the number of products has topped 12,000, according to the National Mortgage Index from Mortgage Advice Bureau (MAB).
The number of broker products continue to grow steadily compared to direct to consumer products, up from 71% of the market in November 2012 to 74% today.
The number of applications in the year to November rose 37%, according to MAB figures, based on data from more than 500 brokers and 800 estate agents.
Activity slowed slightly as Christmas approached, with 10% fewer mortgage applications in November than October.
This followed an 18% surge between September and October.
Monthly application levels are still 45% higher than in November last year.
The growth in mortgage product numbers was fuelled by a 6% monthly rise in the range available via brokers. This grew for the fifth successive month to 8,961.
The direct-only product range fell for the second time in the last three months to 3,071.
The Index shows average two year tracker rates hit their lowest ever level of 2.89% in November, down from 3.75% in January.
This is the lowest level since MAB began tracking data in June 2007.
The average two-year fixed rate now stands at 3.55%, down from 4.26% in January.
The average five-year fix fell from 4.27% to 3.86%.
Brian Murphy, head of lending at Mortgage Advice Bureau, said: “More products keep arriving on the market, and anyone looking to buy a home or remortgage has the added bonus of attractive rates to choose from despite speculation about how long the discount season will last.
"Brokers have a vital role to play by looking beyond the headline rates and finding the best deal for each customer’s circumstances."
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