Research by Connells Survey & Valuation has found that remortgages have increased by 49% in the year to September 2015.
David Blake of Which? Mortgage Advisers urges people to act now to avoid missing out on the best products:
“It’s good news.
It further demonstrates that lenders have an appetite to lend and in many cases have relaxed their lending criteria’s enabling more people to benefit from historically low rates of interest.
I don’t see this trend changing in the next couple of months and would urge people to act now rather than wait and miss out on the best products. Of course, before considering remortgaging from one lender to another it’s important to check with your existing lender as early repayment charges may apply.”
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