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Is competition slowly returning to the mortgage market?
A survey released this week showed that there were 2,516 products available on the mortgage market - the highest amount since May 2009.
Commenting on these latest figures, Tony Rice of Bedfordshire-based specialist mortgage and insurance brokers TMP Mortgage Zone, said: "Whilst this is certainly positive news, we're a long way of the heady pre-credit crunch days of August 2007 when there were over 30,000 products on the market."
The survey is good news for borrowers as there is now more choice, but those seeking buy-to-let mortgages, mortgages for holiday homes or those with adverse credit seeking a mortgage, are still finding it very difficult to find a single mortgage product.
[ 21-01-2010 ]
