Did you know that 55% of customers say they’re likely to stay with current lenders when it comes to re-mortgaging? As part of Legal & General’s research, they delved into the reasons behind why customers said they would stay with their existing lender. 42% gave the reason of trust and a belief that existing …
Understandably, most people seek out the lowest interest rate when re-mortgaging. In fact, 63% of respondents in a recent survey by Legal & General Mortgage Club, declared interest rates to be the most important factor when either re-mortgaging with their existing lender, or moving to another provider. Although an important factor, there is so much …
When you remortgage, it isn’t always about the best deal, it is about the best deal you can get. Lenders used to dole out mortgages to anyone who wanted one, but things have changed and now being accepted for one can be difficult. Today lenders will cherry pick their customers, and by doing so this …
Remortgage – It’s not always about the best deal. Read More »
Why are rising interest rates bad news for mortgage holders? And what role does inflation play in pushing repayments higher? Inflationary effect The pace of inflation has been well ahead of the Bank of England’s (BoE’s) target of 2% throughout 2022. In September, the consumer prices index (CPI) rose to 10.1%1. The BoE’s latest forecasts …
Remortgaging is a popular option for homeowners looking to save money on their monthly mortgage repayments, or to access the equity they have built up in their property However, the process of remortgaging can be complex and time-consuming, and a mortgage broker is essential when looking to remortgage. Research by Legal & General shows that …
“Remortgaging means moving your mortgage from one lender to another to get yourself a better deal” Mark Jones, MDJ Mortgages. You can remortgage without moving home and whilst there are many reasons to remortgage the main one is very simple – saving money, big money! For many of you, your mortgage will be your …
Mortgages became headline news in October – and not a headline many people wanted to read. Despite the doom and gloom of the current mortgage market, it is still possible to make a positive decision. Rates rise The political turmoil recently initially sent interest rates soaring and left millions of mortgage holders with hundreds of …
Against the backdrop of rising rates and a worsening macroeconomic situation, the Financial Conduct Authority (FCA) is urging people to consider switching mortgage providers to find a better deal. Big savings Awareness of the need to switch has increased in recent years. Currently, 370,000 mortgage holders could save money by switching their mortgage, down from …
