The number of people remortgaging in August rose dramatically by 11% compared to July
October 30th, 2017
The number of people remortgaging in August rose dramatically by 11% compared to July and 16% compared to August 2016. This information was reported by conveyancing firm LMS. Borrowers took advantage of low interest rates and longer product terms available during the month.
Surprisingly just 16% remortgaged with new lower overall monthly mortgage payments, instead more applicants want to secure a low rate for longer period.