Monthly Archives: March 2017

Homeowners could save over £2,500 by switching mortgage deal

According to latest figures by L&C Mortgages, many homeowners could be paying too much on their mortgage because they are not on the most suitable deal for them. In fact, their research shows that, by switching a mortgage deal, people could save over £2,500 a year. The research found that four million homeowners were on the standard variable rate which can be a more expensive rate to be on. This was reported on the What Mortgage Website during March*. (more…)

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January mortgage lending highest since 2008

The value of mortgage lending in January 2017 reached its highest levels since 2008 figures from the CML have shown*.  Mortgage Lending reached £18.9bn in January which is 2% higher than January 2016 but still 6% lower than December’s total lending of £20bn. According to the CML, the strong market figures can be attributed to an increase in First Time Buyers and people remortgaging which has offset the weaknesses in the Buy to Let and home movers markets. (more…)

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Number of people remortgaging up year on year

According to figures from the BBA, the number of people remortgaging their properties rose by 15.7% year on year to January 2017. BBA claim that the rise in people remortgaging can be attributed to the low interest rates with people taking advantage of the competitive mortgage offers. This was reported in the Mortgage Introducer during February*. (more…)

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