Mortgage Products Stabilise in 2011

Recently published data from Mortgage Brain shows that the number of mortgage products available to intermediaries has risen marginally over the last 6 months increasing by 6%. Mark Lofthouse CEO of Mortgage Brain said “the past two years have seen vast improvements in product availability for intermediaries. But whilst it is clear that the market has made an impressive and much welcomed recovery since 2009 our latest half-year analysis is showing that the market is levelling out.”

As I have previously stated the availability of mortgage finance will go a long way to determining the Scottish property market in particular and the UK economy in general for 2012. This increase is welcome especially compared to the roller coaster in previous years however more sustained activity is required.

Lindsay Darroch
Partner & Head of Property

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