Remortgage Activity At ‘New Normal’ After Social Gathering Rules

Remortgage instructions have fallen by 20% since the government unveiled its restrictions on social gatherings in mid-March. Since then volumes have been fairly steady at a lower level. Tighter lending criteria, consumer income reduction & unemployment, and loss of all physical contact are all having an impact. The research comes from conveyancing solutions provider LMS, which is publishing a weekly update of remortgage activity during the crisis. Read more on the Property Wire website.

https://www.propertywire.com/news/remortgage-activity-at-new-normal-after-social-gathering-rules