The average number of products available in April was 5,125 which rose to 5,577 in May a rise of 9% overall. What has gone unreported to date, however, is that this rise is entirely down to a 14% rise in intermediary products which went from 3,162 to 3,614 a total of 452 more products.
David Aylmer, marketing and business development director of TrigoldCrystal, said: “We have been waiting to see how the advent of dual pricing in the market will play out over time. With the market still not fully recovered we are seeing a small shift towards the positive, with some of the lenders who have been strong proponents of dual pricing through the recession, now coming back to the broker market. The rise in broker products does begin to support the fact that these lenders are recognising the importance of intermediary advice. This coupled with the increased sourcing on Prospector is an indication that business is beginning to pick up for intermediaries.”
