The average number of live mortgage products available to intermediaries has fallen by 6.45% from April to 2,673 in May, according to the June TrigoldCrystal Product Index.
Year on year analysis shows that mortgage product availability was significantly lower than previous years, down by 80% from May 2008 and 96% from May 2007. Only 642,321 mortgage sources were performed in May which is a fall in intermediary activity of 10.40% when compared with April. This is a significant 47% drop in broker activity from May 2008 and means that 579,420 fewer individual mortgage searches were performed. David Aylmer, marketing and business development director at TrigoldCrystal, says: "Although product numbers have fallen for the second month in a row, the speed of des...
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