Tuesday, 27 September 2011

Big deposits mean mortgage products are back-tracking to pre-banking crisis levels!!

Since the recession hit and the loans market was fragmented in 2008, the number of mortgage products available to prime residential borrowers has hit the highest since 2008, to over 3,000.

Research by moneyfacts.co.uk has revealed that there are currently a massive 3,035 mortgages on offer, not far off the 3,250 that were available in February 2008.

At the height of the banking crisis that we experienced in April 2009, the number of mortgage deals had dramatically fallen to just over 1,000 - a catastrophic drop to experience in a relaively short period of time,  only just over 12 months.

However, two years on and the number of mortgages available has over tripled in size.

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