Mortgage schemes fail to rise for third consecutive month

The number of live mortgage schemes available to intermediaries has dropped for the first time in two months, according to figures released today by Mortgage Brain's Monthly Product Analysis.

Despite two steady increases in product availability in the past two months, the total number of live mortgage schemes listed on Mortgage Brain’s market leading sourcing system has dropped by 14%. Current figures (as of 1st June 2009) list a total of 2,896 live mortgage schemes, down from 3,322 on 5th May 2009.

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