Mortgage adviser exclusives plummet 87%

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The number of mortgage products available as exclusives to the intermediary market has fallen by over 87% since last year, according to new research from Abbey for Intermediaries (AfI).

There has also been a 57% drop in the number of lenders offering exclusive products over the period. The decision by lenders to pull the best deals from the intermediary market has had a devastating impact on mortgage advice firms and the new figures show the tide is not turning yet. However, AfI has re-iterated its support for advisers and has extended its exclusive product range to include Countrywide network. This takes the total number of intermediary key accounts with access to Abbey's exclusives range to twelve - with at least 75% of mortgage intermediaries having access to one or ...

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