Why More People Are Remortgaging

PUBLISHED: 26 February 2020
DISCLAIMER: The information in this blog post may be outdated and may not reflect current financial practices or market conditions

Why More People Are Remortgaging

The number of remortgages has been rising as it took a huge 20 percent leap in May of 2019 compared to the previous year according to the latest UK finance figures. This is becuase of the attractive interest rates are influencing the market. The figures showed there were 21,370 remortgages where borrowers withdrew further equity from their homes and 19,650 remortgages without any extra borrowing – an increase of a fifth for both measures compared to last May. People remortgage to realease equity.

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