Mortgage product numbers fall to 2002 levels

clock

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read