An uncertain economic outlook from Brexit and squeeze on household budgets sees house prices at slowest growth since May 2013.
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Category Archives: Re-mortgage Buyer
Record low rates are a thing of the past as fixed mortgage deals increase in cost over the year despite competition from lenders.
The number of remortgage buyers locking into attractive deals has increased 23% ahead of the Bank of England rate rise.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
Residential mortgage numbers have reached a new high and of these 40% are offered without arrangement fees from lenders.
The number of people remortgaging has increased by 36% for the year as homeowners lock into new competitive deals.
The competitive marketplace and low interest rates is helping remortgage buyers in London find the best deals to keep repayment costs down.
The average price for a flat has increased by £75,074 in just five years and rising faster than any other property type in the country.
Homeowners remortgaging has reached the highest number since 2008 as they securing mortgage deals before a rise in interest rates.
The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.