Remortgages Reach Nine-Year High In January

The number of remortgages in January 2018 reached a nine-year high while the number of first-time buyers and home movers both increased compared to the same period in the previous year. In January 2018 there were;

·         49,800 new remortgages, some 19.1 per cent more than in the same month a year earlier.

·         24,500 new first-time buyer mortgages, some 7 per cent more than in the same month a year earlier.

·         25,000 new home mover mortgages, some 6.4 per cent more than in the same month a year earlier.

·         5,600 new buy-to-let house purchase mortgages, some 5.1 per cent fewer than in the same month a year earlier.

·         16,500 new buy-to-let remortgages, some 17.9 per cent more than in the same month a year earlier.

Read more on the UK Finance website.

https://www.ukfinance.org.uk/remortgages-in-january-2018-reach-nine-year-high/