Mortgage availability slumps to five-year low

Data from the November Product Index, compiled using Trigold's mortgage sourcing system, shows average numbers in October were 9,134, a 38% fall from the 14,793 recorded in September. This also represents a drop of more than 32,000 products from October 2007, when the number of live mortgages was approaching 42,000. David Aylmer, marketing and business development director at Trigold, says the effects of the credit crunch were still impacting on brokers, with fewer and fewer mortgage products available. "I would love to be able to put a positive spin on this but the numbers speak for ...