Remortgaging up by 53 pc in October

remortgage-up-53-pcRemortgaging activity has risen by 53% in October 2015, though there was a sharp seasonal fall in remortgaging with a 21% drop in September according to a latest report. Despite of drop in recent weeks remortgage has made a good come back to the market. Whereas the other sectors are also remaining active, as first time buyer has also got increased by 20% in October, marking that housing markets remain strong.

Expert says: “Remortgage activity has been increasing in this October; those who are looking for cheaper rates have likely been tempted to remortgage to take advantage of the interest rates while they last. Many are also taking this opportunity to remortgage in order to release equity and so upgrade their current property.”

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