More mortgage products available in June

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More mortgage products available in June

The number of mortgage products available rose by 7.5 per cent to reach 15,052 in June, according to Trigold's Monthly Product Index.

Mortgage Introducer reported the figures, which show an extra 1,060 products becoming available.

David Aylmer, marketing and business development director at Trigold, reportedly said that there had been 67,823 products available to mortgage intermediaries in June 2007.

This showed the "depth of the slide".

But there is cause for "optimism in the market" as June 2008's figures showed the first rise in product availability for 12 months.

The lowest point for product availability in June was 14,043 - still above the May average of 13,992.

May's figures from Trigold's index showed a drop of 17 per cent from April, the Financial Times reported.

It was the first time the figure had dropped below 15,000 since pre-mortgage regulation in 2004.

The drop was the equivalent of 2,926 individual products.
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