March 11, 2010
More Mortgages Available Through Mortgage Brokers
There are now more mortgages available to customers of whole of market mortgage brokers than at any point in the last 15 months, proving once again that the best place for mortgage choice is through an independent mortgage broker.
According to mortgage broker search engine Mortgage Brain, intermediary mortgage figures are at their highest since December 2008.
It says the total number of broker mortgages on its sourcing system hit 4,876 at the start of this month, up 9% from last month. In fact, it says that the number of broker mortgages has now risen for eight consecutive months.
But it is not just the number of products that has improved – it says that product availability has also improved by 79% compared to this time last year, and is up by a massive 95% from six months ago. So more people are able to get more mortgages, which is encouraging news.
Mark Lofthouse, chief executive of Mortgage Brain, says: “The current, mid and long-term analysis of our data is really starting to show a clear picture of market stability and the forward movement that is been made in mortgages. We are now regularly seeing increases in product availability in all areas, which is particularly encouraging.”
If you want to be able to have the choice of thousands of mortgages, you need to talk to a mortgage broker. A bank will only offer you their small range and the internet can only show you a selection of all the loans that are on offer. But a whole of market mortgage broker can source the whole market to find you the best mortgage.
SOURCE: Mortgage Brain, 05/03/10
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