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Wednesday 26 February 2020
Wednesday 26 February 2020
Wednesday 26 February 2020
Wednesday 26 February 2020
The number of people remortgaging their homes is steadily rising, with a significant 20% increase recorded in May 2019 compared to the previous year, according to the latest UK Finance figures. This surge highlights a growing trend, driven by attractive interest rates and the financial flexibility remortgaging offers.
Key Reasons for the Rise in Remortgaging
Attractive Interest Rates: Competitive interest rates are encouraging homeowners to explore remortgaging options to reduce monthly payments or save on long-term interest.
Equity Release: Many homeowners remortgage to release equity, which can be used for home improvements, debt consolidation, or other financial goals.
In May 2019 alone, there were:
21,370 remortgages where borrowers withdrew further equity from their homes.
19,650 remortgages without additional borrowing.
Both figures represent a 20% year-on-year increase, demonstrating the rising popularity of remortgaging for various purposes.
Is Remortgaging Right for You?
If you’re considering remortgaging, now might be an excellent time to explore your options. Whether you’re looking to save money, release equity, or secure a better rate, our expert advisors are here to guide you.
Get in Contact
Interested in learning more about remortgaging or accessing our services? Reach out to us today!
Call us at 01202 733809.
Use our online contact form to get started.
Visit our office on Parkstone Road in Poole, Dorset.
Discover the benefits of remortgaging with Barrett Mortgages. Let’s find the best deal for you!
The number of people remortgaging their homes is steadily rising, with a significant 20% increase recorded in May 2019 compared to the previous year, according to the latest UK Finance figures. This surge highlights a growing trend, driven by attractive interest rates and the financial flexibility remortgaging offers.
Key Reasons for the Rise in Remortgaging
Attractive Interest Rates: Competitive interest rates are encouraging homeowners to explore remortgaging options to reduce monthly payments or save on long-term interest.
Equity Release: Many homeowners remortgage to release equity, which can be used for home improvements, debt consolidation, or other financial goals.
In May 2019 alone, there were:
21,370 remortgages where borrowers withdrew further equity from their homes.
19,650 remortgages without additional borrowing.
Both figures represent a 20% year-on-year increase, demonstrating the rising popularity of remortgaging for various purposes.
Is Remortgaging Right for You?
If you’re considering remortgaging, now might be an excellent time to explore your options. Whether you’re looking to save money, release equity, or secure a better rate, our expert advisors are here to guide you.
Get in Contact
Interested in learning more about remortgaging or accessing our services? Reach out to us today!
Call us at 01202 733809.
Use our online contact form to get started.
Visit our office on Parkstone Road in Poole, Dorset.
Discover the benefits of remortgaging with Barrett Mortgages. Let’s find the best deal for you!