View more on these topics

Remortgaging figures up in March: Connells


Remortgaging activity rose to 21 per cent of the valuations market in March, increasing from 15 per cent year-on-year, according to Connells Survey & Valuation.

 The firm says the growth in remortgaging has been driven by those keen to save money by slashing their monthly mortgage repayments.

 As a proportion of market activity, remortgaging hit its highest level in March for five years.

Buy-to-let saw a drop in March, to 8 per cent from a five-year average of 16 per cent.

Connells corporate services director John Bagshaw says: “With the low base rate and property values increasing 6.2 per cent annually, many are seizing the opportunity to save through remortgaging at a lower loan-to-value ratio.

“This trend is supported by the latest CML figures which show a 22 per cent rise in the value of remortgage activity.

“If the price rises continue and household bills balloon, we could see an ever greater number of homeowners turning to remortgaging to cut costs.”


February remortgage figures hit eight-year high, says LMS

The number of people remortgaging year-on-year in February rose 35 per cent to almost 44,000, the highest since January 2009, according to LMS. The first month of 2009 saw 44,100 remortgage deals. However the value of remortgaging fell in February, down from £7.1bn in January to £6.8bn. LMS says this is due to the average […]


Scottish Widows Bank cuts remortgage rates

Scottish Widows Bank has today cut fees on a range of remortgage products, including the option to offset. The lender’s two- and five-year fixed rates with a fee of £1499 have been cut to £999, with rates as low as 1.29 per cent for a 60 LTV loan. Selected products are available for both Professional […]


Market Watch: I’d like a remortgage – now, please

The product rate war goes on, we welcome Secure Trust Bank, and Skipton is first on the high street to give the Lisa a go We are officially back to being an inflation nation, with the latest Office for National Statistics figures showing the UK breaking through the Bank of England’s 2 per cent target. […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article


News and expert analysis straight to your inbox

Sign up