Remortgaging up by 17% year-on-year

April 2006
Credit Control;2006, Vol. 27 Issue 4/5, p97
Trade Publication
The article reports on the increased year-on-year remortgaging in Great Britain, specifically in May 2006. According to the Council of Mortgage Lenders (CML), remortgaging in this month rose by 17 percent as compared to the same month in 2005. Remortgaging was accounted for 38 percent of all loans. The leap indicates the re-financing of a high number of fixed-rate deals. It has been stressed that the growth of remortgaging and lending for house purchase signify a growing and stable market.


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