This equates to an increase of 7.5% which means an extra 1,060 products were available, according to David Aylmer, marketing and business de¬velopment director at Trigold. He commented: “The year on year comparison shows the depth of the slide as there were 67,823 products available to mortgage intermediar¬ies in June 2007, 52,771 higher than now.
“However with this being the first rise in product availability in the previous 12 months and certainly since the beginning of the ‘credit crunch’ there is an argument for some optimism in the market.”
Other important indications of product numbers rallying are the high and low points in the month. During the month of June the number of available products reach a high of 16,061 but only dropped to a low of just 14,043 which was still in excess of the May average of 13,992.
What is also encouraging is the consistency in the number of product providers with live products in the market. April saw an increase of 10 providers re-entering the market and this number has remained static which should be seen as encouraging.
Whether this is merely a response to lenders pricing and re-pricing products or the first tentative shoots of recovery remain to be seen.
