Mortgage broker activity rises in June

The July TrigoldCrystal Product Index reveals brokers performed 788,483 mortgage sources in June which was an increase of 146,162 from May. The average number of intermediary only products slipped slightly from 2,673 in May to 2,610 in June and the average number of direct products rose slightly from 1,118 to 1,194. The average monthly cost of a mortgage remained stable, as it has done since the beginning of the year at £781.09 per month. Although this is £12 higher than May, it is a significant £178 cheaper than June 2008. Year on year analysis shows that mortgage product availabi...