The availability of mortgage products is also increasing for owners of property with rental intent, up 6.2% over the past three months and 2.5% since December.
As a result, buy-to-let mortgage products now account for one-fifth of the total market.
Home relocators (5.6%) and mortgage refinancers (3.2%) also benefited from increased quarterly supply, with both segments of the market seeing significantly more choice compared to the end of last year, up 10.8% and 9%, respectively.
Jonathan Samuels, chief executive of Octane Capital, said: “Interest rates have yet to fall despite inflation now appearing to be under control, but given the prolonged economic uncertainty gripping the country and the Bank of England's cautious response, it is not surprising that it has been decided that a rate cut is premature.”
“The good news is that since the base rate was left unchanged at 5.25%, greater stability has returned to the mortgage sector and the property market more broadly.
“As a result, lenders are increasing the number of products they have on offer for all buyer segments and this increased choice not only benefits buyers but also demonstrates confidence in the market.”
“With interest rate cuts on the horizon, this is shaping up to be a much stronger year for the real estate sector. We are already seeing signs of recovery since the start of the year.”