Mortgage product choice grows for first time in a year

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The number of mortgage products available in the UK market has increased for the first time in a year, according to figures from Trigold.

Trigold’s analysis found the average number of products available in June climbed 7.5% since May to 15,052, after seeing a steady decline over the past twelve months. In June 2007, intermediaries had a wealth of choice, with around 67,823 products available, but numbers have fallen 78% in a year. Trigold’s marketing and business development director, David Aylmer, says: “April saw an increase of 10 providers re-entering the market and this number has remained static, which should be seen as encouraging. “Whether this is merely a response to lenders pricing and re-pricing products or the ...

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