Mortgage schemes back on the rise

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

The total number of live mortgage schemes listed on its market leading sourcing system shows an increase of 4% when compared to the same time last month. Despite it being a relatively small increase, it does follow two months of significant drops in product numbers and could be seen as another sign of product and market stabilisation.

Actual numbers are still close to the all time low, however, with current figures (as of 3rd August 2009) listing a total of 2,500 live mortgage schemes. The small rise, therefore, will be welcomed.

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