Mortgage numbers stabilise after 50k drop

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The decline in the number of UK mortgage products has bottomed out after a drop of 50,000, research suggests.

A study by mortgage sourcing firm Trigold found the average number of products available has climbed by 183 from two months ago. Trigold says although 877 products were still lost in July, the statistics represent “encouraging signs” for the mortgage market. “We can see from the most recent results that we’ve turned a corner in terms of product numbers and the market should take heart from this,” says David Aylmer, marketing and business development director at Trigold. “Last month’s report saw the first rise in product numbers in the previous 12 months and although there has been a d...

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