STEEP RISE IN REMORTGAGE APPLICATIONS

February 24, 2015 by in category Mortgage News with 0 and 0

According to Mortgage Advice Bureau remortgages were up 24% in January and 17% year-on-year.
Lower rates and increased equity resulted in lower mortgage payments
Remortgage applicants are now enjoying lower loan to value deals with the average remortgage LTV at 54.9%
Average mortgage rate have continued to fall across the board in January for a fifth consecutive month according to Money Facts.
Mortgage holders are enjoying lower mortgage payments now that they are motivated to change
Last year they did not have the incentive but with expected interest rate increases drawing closer house holders have started preparing for the future.
The fierce competition from lenders is also making this an attractive time to remortgage onto lower rates

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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