TrigoldCrystal Product Index April 09 May 09 June 09
Total number of mortgage sources 716,867 642,321 788,483
Average monthly mortgage payment £761.39 £769.57 £781.09
Average number of [Intermediary Only] products 2,858 2,673 2,610
NEW: Average number of DIRECT ONLY products 1,009 1,118 1,194
David Aylmer, marketing and business development director at TrigoldCrystal commented on the results saying: “It’s nice to be able to report an increase in broker activity. 788,483 mortgage sources were performed in June which is a rise in intermediary activity of 23% when compared with May, an increase in broker activity in real terms of 146,162 individual mortgage searches. Although this is some 170,078 fewer sources than last year, it does signal a return to 2007 activity levels.
“However product availability continues to be tough with another small fall in intermediary products in the month of June with the loss of another 63 mortgage schemes. Year on year analysis shows that mortgage product availability was significantly lower than previous years being down by 81% from June 2008 and 96% from June 2007. The provision of direct products continues to be an emotive subject and the number available experienced a modest rise of 76 meaning that 1,194 direct products were offered to consumers going directly to the lender.
“The average monthly cost of a mortgage remains fairly stable, as it has done since the beginning of the year, and is currently £781.09 per month. This may be £12 higher than May but it is a significant £178 cheaper than June 2008. So, all in all a mixed month for intermediaries but it’s important to focus on the positives and with broker activity on the rise it suggests that consumers continue to seek professional, independent advice.”
