Mortgages available through advisers drop 90%

Its February index revealed the number of live mortgage products available to mortgage intermediaries has dropped below the three thousand mark for the first time to 2,983. The average number of live products fell 724 over the month from 3707. This is a mammoth fall from 31,825 in February last year. Broker activity is also suffering, with the number of times mortgage sourcing is performed just half of what it was last year. David Aylmer, marketing and business development director at Trigold, comments: "Although product numbers continue to fall and broker activity has witnessed a rem...