28 May

Is now a good time to remortgage?

Is now a good time to remortgage?

Now may be a good time to remortgage, consumers have been advised.

According to Stuart Law, chief executive of Assetz, if homeowners can get a favourable deal, they should take it.

He remarked: "It is a good time if you need the money or if you see an opportunity to reduce your monthly costs because there are plenty of people who can save money per month."

Mr Law went on to predict that there will be an increase in remortgaging among Britons going forward.

His comments came after the release of analysis by HSBC, which revealed that in the current environment, the amount of equity people hold in their homes is more important than ever, especially for those wishing to remortgage.

Meanwhile, figures published by the Council of Mortgage Lenders recently showed that house purchase lending increased by 45 per cent year-on-year in March, making it the ninth consecutive month of such growth.
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