There was a clear decline in the proportion of the mortgages Leicester that are sold through intermediaries in q2 2010 according to the FSA.

The FSA says that Q2 2010 51% of mortgage sales were intermediated which fell to 47% in Q1 2011.

Direct sales increased by 11.9% over the same period.

The FSA said Intermediaries are more likely to provide advice we would expect a decline in the number of mortgage sales with advice.

The report out states that most mortgage sales with advice have declined from 74% in Q2 2010 to 68% in Q1 2011.

And also total mortgage sales from April 2010 and March 2011 reached lowest level since the FSA began recording its data in Q2 2005. Overall mortgage sales decline by 7% from 2009/10 to2010/11.

This fall is consistent with the economic conditions for borrowers with higher unemployment, consumer confidence and falls in household income.

It is also compatible with the decline in both number of selling and provider firms between Q2 2010 and Q1 2011.

Large banks have increased their market share of mortgage sales at the expense of intermediaries.

Large banking institutions gained 4% of market share at the expense of major intermediaries and to la lesser extent medium banks.