Call us today: 01722 322683

CONTACT US

Remortgaging hits 8 year high

Latest figures from LMS show that the number of people remortgaging their property have reached an eight year high.

The figures show that remortgage levels have been on an upward trend since July 2015 and this is driven by two key factors. Firstly, because people have been looking to remortgage their property before a predicted interest rate rise is introduced. And, secondly, because a glut of fixed term mortgages came to an end, following lots of borrowers fixing their deals while the mortgage rates were low in July 2016*.

What this means for home owners

Adam Nanson, Managing Director of Your Mortgage Expert in Salisbury comments:

“For a while now in the UK, we have had low interest rates which means that mortgage deals have also been low. However, with the Bank of England increasing interest rates earlier this year and rumours of further rate increases, it is no surprise that the number of people looking to remortgage has gone up. With people making the prudent decision to fix their rates before interest rates increase.”

How Your Mortgage Expert can help

Adam Nanson continues:

“If you are thinking about switching your mortgage lender, we would advise you to speak to a mortgage Broker like Your Mortgage Expert. We will take the time to understand your circumstances and find the deal that is most suitable for you.

“We will look at whether you could be paying too much, whether you would save money by switching to an alternative product and whether any fees would be payable should you do so. And, we will do all the hard work to ensure we not only save you money, but also save you time and stress.”

If you are interested in having a no obligation chat about your mortgage, why not get in touch? We don’t charge anything up front, so by speaking to us, you are under no obligation. We are based in Salisbury, Wiltshire, but we can help you no matter where you live in the UK.

Simply call us on 01722 322683 or complete a contact us form on our website and tell us when it would be best to get back in touch with you.

The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

YOU MAY NEED TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

Please note, by clicking on the link below you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.

*Source: https://www.mortgageintroducer.com/remortgaging-volumes-hit-record-high/

Tags:

Contact us

"*" indicates required fields

Monday to Friday: 9am – 5.00pm, Saturday and Sunday: Closed

We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with financial institutions who can assist in the provision of financial services to you including product providers, lenders, banks, insurers, fund managers, platform providers and third party para-planners. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy: https://your-mortgage-expert.co.uk/about-us/legal-privacy-information/

Your Mortgage Expert is a trading name of Your Mortgage Expert Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Registered Office Address: 18 New Canal, Salisbury, England, SP1 2AQ. Registered in England Number: 08924507.

Sorry to see you go

Please note, by clicking on the link you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor Mortgage Advice Bureau are responsible for the accuracy of the information contained within the non-regulated site.

NO, GO BACK