Increase in Break-Up Borrowing

Proportion of borrowers remortgaging due to separation or divorce rises to 5% of market in May – up from 2% Remortgaging to pay off debts also rises from 13% of the market in April to 16% in May Demand for five-year fixed rate remortgages increases year-on-year to hit 42% of… Read More

HM Land Registry to launch Local Land Charges service

Throughout the summer of 2018, HMLR will be launching their digital Local Land Charges service for the following local authorities (this list may be subject to change): Blackpool Council; Blackburn with Darwen Borough Council; City of London Corporation; Liverpool City Council; London Borough of Lambeth; Norwich City Council; Peterborough City… Read More

Resurgence in five-year fixed rate deals

Demand for five-year fixed rate remortgages jumps up 47% – representing half the market Five-year deals up 11 percentage points from March (as a proportion of the whole market) Expectations for an increase in the base rate this year fall to lowest level in seven months Average remortgage loan amount… Read More

Remortgage market surges in new interest rate environment

Number of remortgage deals increase 41% - from 28,400 in December 2016 to 39,943 in December 2017 Read More

Demand for two-year fixed rate deals rises – First look at the new interest rate environment

Two-year fixed rate deals bounce back – accounting for 23% of all remortgages Demand for five-year fixed rate deals reduces from 50% to 43% Interest rate rise impacts borrower behaviours as they seek to lower monthly bills   Demand for two-year fixed deals rose for the first time in four… Read More

The Mortgage Lender partners with LMS to unveil new legal panel

In response to demand for access to a wider network of conveyancing firms The Mortgage Lender (TML) has partnered with LMS and will be using its Panel Link® from 22nd January 2018. Read More

Remortgaging: popularity of fixed rates soar

Remortgaging: popularity of fixed rates soar : The remortgage market is being buoyed by consumers' search for certainty and security, according to conveyancing service provider LMS. Read More

Demand for longer term fixed rate mortgages rises in the UK

Demand for longer term fixed rate mortgages rises in the UK : Over the last 12 months, the remortgage market in the UK has transformed with demand for fixed deals surging while the popularity of variable remortgages has plunged, new research has found. Demand for variable products fell… Read More

October sees fall in variable mortgages whilst fixed deal demand grows

October sees fall in variable mortgages whilst fixed deal demand grows : Recent research has indicated that demand for variable mortgage products has dropped to just 5% in October. The findings from LMS show the change observed in the mortgage market over the past year; whilst demand for… Read More

When to opt for a variable or tracker rate mortgage

The number of homeowners opting for a variable rate when they remortgage has plummeted 75 per cent over the past year as the Bank of England was tipped to raise interest rates – and then did. But with the Bank having outlined that base rate should continue to climb… Read More