Stay updated with breaking news from Nick Chadbourne. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Almost three quarters of borrowers who remortgaged in April saw their payments jump compared to what they were previously paying, the latest snapshot from LMS reveals. It found that 71% of remortgage borrowers faced a payment rise, while 22% saw their payments fall. For those borrowers whose costs increased, the
Some 71% of borrowers saw their monthly repayments increase after remortgaging in April, industry data has shown.
Remortgages lifted by 14% in January compared to a month ago as mortgage rates stabilise, according to data LMS. Last month also saw instructions jump 70% as the average remortgage loan amount in London came in at £378,477, with the rest of the UK standing at £175,186, the conveyancing services firm’s latest
The LMS monthly remortgage snapshot for December reveals a £329 average monthly repayment increase for those who remortgaged in December. It also shows that 40% of borrowers increased their loan size in December and that 42% of those who remortgaged took out a 2-year fixed rate product, the most popular product in
Remortgage instructions fell by 13% in October as borrowers opted for product transfers amid the ongoing cost-of-living crisis, according to LMS. Completed remortgages were down 12% last month and the pipeline for this type of home loan was 9% lower, data from the conveyancing services firm’s latest monthly