Re­mort­gag­ing can save money

Yorkshire Post - Property - - PROPERTY NEWS -

IN­TER­EST RATES: The re­mort­gag­ing rush is ex­pected to con­tinue in 2017, with al­most a third of el­i­gi­ble home­own­ers plan­ning to cash in on low in­ter­est rates. One in four of those plan to act now and re­mort­gage in Jan­uary. The po­ten­tial sav­ings they could be mak­ing, how­ever, are be­ing un­der­es­ti­mated by nearly half, ac­cord­ing to a new re­port from TSB. Ac­cord­ing to the sur­vey of 2,000 home­own­ers, the av­er­age sav­ing they ex­pected to make from re­mort­gag­ing their prop­erty was es­ti­mated at £49 a month. This com­pares with an ac­tual av­er­age of £96 per month.

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