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June remortgage repayments jump by £236: LMS

June remortgage repayments jump by £236: LMS

The conveyancing services firm’s Monthly Remortgage Snapshot adds that 52% of borrowers increased their loan size last month to an average of £22,644.

The average remortgage loan amount in London and the South East was £301,982 while the average for the rest of the UK stood at £147,780 putting remortgage loan amounts 104% higher in London and the South East than the rest of the country.

The most popular product was a five-year fixed-rate loan used by 67% of customers, with 30% saying the main aim of remortgaging was to lower their monthly payments, which was the most popular reason.

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June remortgage repayments jump by £236: LMS
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June remortgage repayments jump by £236: LMS
June remortgage repayments jump by £236: LMS
June remortgage repayments jump by £236: LMS
June remortgage repayments jump by £236: LMS
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The conveyancing services firm’s Monthly Remortgage Snapshot adds that 52% of borrowers increased their loan size last month to an average of £22,644. The average remortgage loan amount in London and the South East was £301,982 while the average for the rest of the UK stood at £147,780 putting remortgage loan amounts 104% higher in London and the South East than the rest of the country. The most popular product was a five-year fixed-rate loan used by 67% ...
The conveyancing services firm’s Monthly Remortgage Snapshot adds that 52% of borrowers increased their loan size last month to an average of £22,644. The average remortgage loan amount in London and the South East was £301,982 while the average for the rest of the UK stood at £147,780 putting remortgage loan amounts 104% higher in London and the South East than the rest of the country. The most popular product was a five-year fixed-rate loan used by 67% ...
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The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
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