Smaller number of products allows for "clearer" choice.
The lack of available mortgages from lenders has some advantages, according to a firm of independent financial advisers (IFAs).
Peter O'Donovan, head of mortgages at Bestinvest, explained that the credit crunch and banking crisis has not led most of the country's largest lenders to reduce their portfolios, but instead to "cut out a lot of their products with different fees and different loan-to-values".
The expert added that many of the products that are no longer available are "sub-prime", namely mortgages which have been lent to people ill-equipped to repay them, a practice which many commentators have blamed for helping to cause the credit crunch.
However, with this cut in the number of available mortgages, Mr O'Donovan believes that "in some ways it makes it easier for us to be able to do our job because there aren't so many variations on the same product".
He added: "It is a lot clearer when sitting with a client to be able to make a recommendation without having to plough through similar rates with slightly different fees to work out which is actually best for the client."
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