Remortgaging activity has surged to a near-decade high as
Britain’s homeowners rush to lock into low-rate loans amid uncertainty over
Brexit. Homeowners remortgaged loans to the value of £9.2bn in October, the
highest monthly total since November 2008, when it hit £9.3bn, according to
figures this week from UK Finance, which represents mortgage lenders. The
number of loans they remortgaged — at 50,500 — also hit a 10-year peak since
November 2008, when 68,500 were remortgaged. The remortgage market has grown
sharply in recent years, filling a gap for lenders left by a dwindling appetite
for new loans for home purchase in a cooling housing market. Read more on the
Financial Times website.
‘Absurd’: decent homes standard for England’s private renters will not be
enforced until 2035
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Campaigners say government is letting landlords ‘drag their feet’ and
‘denying renters the most basic standards’
Labour’s promise to make private rented ...
4 hours ago
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