291,900 homeowners switched product with their existing provider (product transfers) in the third quarter of 2018. By value, this represents £38.7bn of mortgage debt refinanced internally. These figures do not feature in any market data on remortgaging, or other published
UK Finance’s figures on mortgage product transfers for the second quarter of 2018 reveal: 275,200 homeowners switched product with their existing provider (product transfers) in the second quarter of 2018. By value, this represents £36.0bn of mortgage debt refinanced internally.
Industry figures on mortgage product transfers published for the first time by UK Finance have revealed: 297,900 homeowners switched product with their existing provider (product transfers) in the first quarter of 2018. By value, this represents £38.8bn of mortgage debt
UK Finance’s latest Mortgage Trends Update reveals there was strong growth in remortgaging in April 2018, with new homeowner mortgages up 36 per cent and buy-to-let remortgages up 32.4 per cent compared to the same month a year earlier. UK
What is an interest-only mortgage? Interest-only mortgages are home loans on which borrowers pay only the interest due on their debt, rather than paying down the capital too. As a result, interest-only mortgages are – initially – cheaper to service
Summary Housing market activity has been growing modestly since the start of the year, though the mix has shifted towards first-time buyers, away from buy-to-let and cash. There is evidence of some rebalancing across regions, as activity picks up in
Summary Housing market activity has been flat since the start of the year with lending and transactions both in line with 12 month averages. First-time buyers and remortgage activity on the part of homeowners has supported lending for some time,
Summary We are entering a period of belt-tightening on the part of consumers, which may become more acute if the economic outlook deteriorates further. The housing market has reached a plateau as activity and lending have been flat since the