Mortgage sourcing firm Trigold's January Product Index has revealed the number of live mortgage products has dropped to 4,357 - a figure last seen in February 2002.
The research, compiled from Trigold's sourcing system, found 841 individual products disappeared between November and December last year, while product availability has plummeted from 40,910 products in December 2007. Trigold revealed 483,502 mortgage sources were performed in December, a drop of just 1% from November - a real-term drop in activity of 4,697 individual mortgage searches. This is 122,768 more searches than December 2008, indicating a rise in broker activity year on year by 34%. David Aylmer, marketing and business development director at Trigold, suggests the increase in ...
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