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IFA mortgage sales fall

The Paragon Mortages (FACT) Index today issues the news that during <p><br>the summer quarter the number of mortgages arranged by fina</p>

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The number of mortgages sold by financial advisers fell by

five per cent in the last quarter according Paragon Mortgages.

The level of confidence also fell from 109.7 in Quarter 2 to 106 in the

third quarter.

The fall in the mortgage market in the summer quarter comes after a

spring surge.

At 51 per cent, discount mortgages are still the most popular mortgage

by interest type, although fixed and capped-rate mortgages between them

have maintained a 39 per cent market share. Capital and Interest mortgages

have gained ground, accounting for 54 per cent of the



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