Re­mort­gag­ing is on the rise

Yorkshire Post - Property - - PROPERTY NEWS -

BOR­ROW­ING: Home­own­ers across Eng­land and Wales re­mort­gaged for around £15,000 more in 2016 than they did two years ago, say con­veyancers My Home

Move. Doug Craw­ford,

CEO of My Home Move (my­home­m­o­ve­con­veyanc­ing. co.uk) says: “This over­all in­crease in bor­row­ing sug­gests that home­own­ers are tak­ing ad­van­tage of the ‘cheap’ re­mort­gage deals which have been around for the past few years, and thanks to the Bank of Eng­land base rate cut in Au­gust, will re­main so for months. With such low in­ter­est rates, us­ing a mort­gage to bor­row money can be a smart move.”

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