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Product Stranglehold
As many as 23,000 mortgage products have been pulled from the market in the last six months, according to Trigold. Trigold revealed that its sourcing system now offers just 21,988 products - compared to 45,590 in August 2007.
Back in February 2002 there were just 4,000 mortgage products on offer, climbing to 16,000 in February 2004 in the run up to market regulation.
According to Trigold this continued to grow and had rocketed to a peak of around 67,000 by February 2007.
