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More deals for brokers in August

The number of mortgage products available to intermediaries reached 13,842 in August, a 2% increase compared with July.

This takes the rise in product numbers over the past six months to 40%, according to Mortgage Brain’s monthly product analysis.

Variable rate product numbers dropped slightly, by 1.5% to 1,724 its first fall for three months.

Meanwhile, the number of fixed rate mortgages increased by 3%, or 258 products, to reach 8,273, while trackers went up by 1% to 3,845.

Mark Lofthouse, chief executive officer of Mortgage Brain, says: “Mortgage product numbers have increased for the ninth month in a row which is great news for brokers.

“Some 12 months ago, there were 7,618 products listed on our system and since then 6,224 new products have been introduced to bring the total to 13,842. That’s an 82% increase since August 2010, which speaks volumes for the direction the market is heading in.”


The Mortgage Mole

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The Vickers Report and the mortgage market

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How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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