The average lifespan of a mortgage product on the market significantly extended in early May, offering some respite to borrowers seeking new deals, according to a financial information website. However, prospective first-time buyers may still encounter difficulties securing favourable terms. This improvement follows a period of heightened financial instability , largely attributed to the conflict in the Middle East , which saw numerous mortgage products withdrawn. While some deals have gradually reappeared, the market remains volatile. According to Moneyfacts, the typical mortgage product remained available for 16 days before being pulled at the start of May – a substantial increase from the average eight-day shelf-life recorded just a month prior in early April. Despite this lengthening, the overall selection of mortgage products has diminished by approximately 10 per cent since March.…