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Remortgaging up 34% in January

Remortgaging up 34% in January

Home owner remortgagors borrowed £5.8bn in January, up 35% from December and 32% compared to a year ago, according to the latest figures from the Council of Mortgage Lenders (CML)......

£75m of new seconds lending in 1 month

£75m of new seconds lending in 1 month

New second charge lending hit the £75m mark in January, up 36% by value and 17% by volume on the previous year......

Less remortgagors expecting rate rise

Less remortgagors expecting rate rise

The number of remortgagors expecting an interest rate rise has fallen by three percentage points to 22% in January 2016 from 25% in December 2015...

Second charge repossessions fell by nearly a half in 2015

Second charge repossessions fell by nearly a half in 2015

Second charge mortgage repossessions fell to a seven-year low in 2015, according to figures released by the Finance & Leasing Association...

New second charge business grows by 43%

New second charge business grows by 43%

New business in second charge mortgage market rose 43% in value in December, contributing to a 34% increase in the value of new business in 2015, according to the figures released by the FLA...

Equity withdrawn through remortgaging hits £837m

Equity withdrawn through remortgaging hits £837m

The total amount of equity withdrawn through remortgaging in December grew by almost one-third from the previous year....

14% miss out on remortgage deals

14% miss out on remortgage deals

Up to one in seven homeowners trying to remortgage in the past two years have failed to secure another deal, according to the Nottingham Building Society....

Second charge mortgages new business up by 38%

Second charge mortgages new business up by 38%

Second charge mortgage new business grew by 38% in the year to October, according to the Finance and Leasing Association......

Christmas could cost 72% more on a payday loan

Christmas could cost 72% more on a payday loan

Citizens Advice says taking out a payday loan to pay for Christmas could increase costs by almost £600....

Annual second charge lending set to pass £1bn mark

Annual second charge lending set to pass £1bn mark

Annual second charge mortgage lending is now worth over £900m and is expected to pass the £1bn mark early next year...



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