The average number of intermediary mortgage products rose 4% to more than 2,000 last month while activity levels are also on the up, a study suggests.
According to the latest TrigoldCrystal Product Index, product numbers climbed to 2,063 in September from 1,979 in August. Direct-only products also rose 4%, from 1,179 to 1,223. Elsewhere, the number of intermediaries performing a mortgage search on behalf of clients rose 11% to 606,496 last month. New homeowners may have to pay more each month toward their mortgage with the average monthly payment rising £8 to £758.58. This is still 21% less than would have been payable last year. David Aylmer, marketing and business development director at TrigoldCrystal, says: "The increase i...
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