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Broker activity up 11%, reveals TrigoldCrystal

Broker activity increased 11% during September while the number of broker products available also rose from August’s lows, data from TrigoldCrystal shows.

The number of mortgage sources performed by brokers, a key indicator of broker activity, went from 545,337 in August to 606,496 last month.

TrigoldCrystal’s latest product index also shows that 84 more products were available to brokers during September, bringing the total number of broker products to 2,063.

This is an increase of 4% from the record low of 1,979 broker products on offer in August, the lowest level for seven years.

Direct products also rose by 4% in September, going from 1,179 to 1,223.

Overll product numbers are down 86% from the same time last year and 96% from the same time in 2007.

David Aylmer, marketing and business development director at TrigoldCrystal, says that although product numbers remain low the increase in broker activity is encouraging.

He says: “This is the first time in recent months that we’ve had some good news and although these are not necessarily the green shoots of recovery it makes a nice change to report figures moving in the right direction.”



Just JM: Housing – give us a break

In the 1980s I sold a detached house in Bedford for an end of terrace in Richmond, Surrey, but instead of having change from the deal I had to take out a much bigger mortgage.

Snap happy

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