Mortgage availability through advisers falls 78%

The number of products available increased by only 0.2% in August with an additional five schemes added during the month. Fixed-rate products remained the most popular, accounting for 1,586 of the total number of live mortgage schemes, followed by trackers at 506 and variable at 413. Current figures for products available through advisers at 31 August stand at 2,505. Although they were stable during August, they are down by a massive 78% compared to the end of August 2008 when 11,544 mortgage schemes were available to intermediaries. The year on year figures also reveal a big de...