Mortgage Brokers See ‘Surge’ in New Deals
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www.myfirsthomeblog.com According to mortgage sourcing specialist, Mortgage Brain, over 2600 new home loans have been introduced since April 2010, taking the total number of live products on its system to 7320. However, September saw a 4% decline in availability, as 298 products were withdrawn. The number of fixed-rate deals fell by 7%, to 4667; trackers put in a slightly stronger showing at 1668 products, while variable rate availability continued to grow, increasing for the tenth consecutive month, to 985 products. Mortgage Brain chief executive, Mark Lofthouse, comments: “Despite seeing a slight dip in product availability during September, the longer term analysis clearly shows that the UK mortgage market has shown real and significant improvements in terms of product choice and availability.”
January 27 2012 04:50 pm | Loans