Mortgage schemes fall 20%

The total number of live mortgage schemes listed on its sourcing system on 2 March stood at 2731, down 19% from 3496 on 2 February. Compared to the same time a year ago, the figures show a fall of more than 85% of all live mortgage schemes. For the first time in three months, fixed rate mortgage schemes witnessed the biggest fall (20%), followed closely by variable rate mortgages (18%) and trackers at 15%. Trackers, however, have had the biggest fall in the past 12 months, seeing a drop of 89%, with fixed rate mortgages second down 85% and variable rate mortgage schemes falling 65%. ...