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More consumers sought remortgage advice last month

Enquiries from consumers looking to remortgage reached an all-time high in March, the latest figures from show.

Its data reveals that 37% of all searches carried out for a mortgage adviser were for remortgages, compared with 33% in February 2012 and 31% in March last year.

Karen Barrett, chief executive of Unbiased, says that recent rate hikes by mortgage lenders means consumers are looking to change deals.

She says “We have seen an increase in the number of people searching for remortgage advice, indicating borrowers who are worried about lending criteria getting tighter are taking the opportunity to ensure they can obtain the best rate before it becomes harder to switch to a better deal.”

Concerns were raised last week when the Financial Services Consumer Panel warned that borrowers could find it harder to remortgage once new rules from the Financial Services Authority’s Mortgage Market Review come into play next year.


Tenet calls for probe into FSA costs

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Principality slashes product range

Principality Building Society is restricting its interest-only offering to just three products. The Welsh lender is still offering interest-only or part interest-only deals up to 85% LTV. Its 85% LTV deal is available on a three-year discount rate of 0.3% below the SVR, which is currently 4.99%. The deal has a £999 product fee and […]

Making a difference to small businesses

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piggy, cash, money

Reassuringly focused on claims

By Ross Jackson, senior protection marketing manager We’re sure you’ll have heard your customers say ‘But insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection. In fact, our State of the Protection Nation research showed that 27 per cent of consumers asked didn’t think protection providers paid out […]


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