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Market data shows product numbers rising

by: Mortgage Solutions
  • 09/11/2009
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The mortgage market is continuing to show signs of improvement, following the latest data from Trigold and Mortgage Brain which revealed that product availability has increased in recent months.

The number of intermediary mortgage products on TrigoldCrystal rose for the second consecutive month, rising by 7% from 2063 in September to reach 2203 in October. Direct products have remained steady over the same period.

Schemes on Mortgage Brain have increased for the fourth consecutive month. Last week,
there were 3222 mortgage products on its system, a 12% growth from the start of October and a 34% increase from an all-time low recorded in June.

Mark Lofthouse, chief executive of Mortgage Brain, said: “It is encouraging to see that
longer-term comparisons look a little healthier, although there is still a long way to go.”

Bernard Clarke, communications manager at the Council of Mortgage Lenders (CML), agreed that the figures were encouraging, but said any recovery would be very slow.

He added: “We still have a market that is not functioning properly. Any recovery will be
steady and drawn out. ”

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