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Increase in mortgage products in June, says Trigold

The number of mortgage products has increased for the first time in over 12 months in June, according to Trigold.

It says that average product numbers went from 13,992 to 15,052, an increase of 7.5 per cent which equates to an additional 1,060 individual products.

The average figure is derived from the month June in which product numbers reached a high of 16.061 and fell to a low of 14,043.

Trigold says this means that the average product numbers are down just 1,866 from two months ago.

Marketing and business development director David Aylmer says: “The year on year comparison shows the depth of the slide as
there were 67,823 products available to mortgage intermediar-
ies in June 2007, 52,771 higher than now.”

He believes that as this is the first rise in product availability in the previous 12 months there is an argument for some optimism in the market.


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