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Increase in Break-Up Borrowing

Industry News

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 fixed deals has grown, the popularity of […]

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3rd
January

Industry News

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

3rd
January

Thought Blog

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

3rd
January

Industry News

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

3rd
January

Industry News

Sales of variable rate remortgages plummet


Sales of variable rate remortgages plummet : Sales of variable rate remortgages have fallen drastically in the past year, with homeowners looking for certainty over their mortgage repayments. According to figures from LMS, the conveyancing outsourcer, sales of variable remortgages have declined by 75% over the past 12… Read More

3rd
January

Industry News

Sales of variable rate remortgages plummet: LMS


Sales of variable rate remortgages plummet: LMS : Sales of variable rate remortgages have plummeted in the past year, with homeowners looking for certainty over their mortgage repayments. According to figures from LMS, sales of variable remortgage have declined by 75 per cent over the past 12 months,… Read More

3rd
January

Industry News

Remortgage market goes all-in on fixed rate deals


Remortgage market goes all-in on fixed rate deals : Just five per cent of remortgage loans agreed in October were on a variable rate basis as the popularity of fixed-rate deals has soared over the last year. Borrowers also appear to be opting for security by reducing rates… Read More

3rd
January

Industry News

5-year fixes 10x more popular than variable rates for remortgage


5-year fixes 10x more popular than variable rates for remortgage : For remortgage 5-year fixed rate transactions exceeded variable rate business by 10 times in October, LMS research indicates. The popularity of variable rate remortgages has fallen significantly in one year – with borrowers overwhelmingly opting for a… Read More

3rd
January

Thought Blog

Would you opt for a tracker mortgage if interest rates are set to go up in 2018? Here’s why it might be worth it


Would you opt for a tracker mortgage if interest rates are set to go up in 2018? Here’s why it might be worth it : The number of homeowners opting for a variable rate when they remortgage has plummeted 75 per cent over the past year as the Bank… Read More

6th
December

Industry News

Transformative year for the remortgage market


Transformative year for the remortgage market : LMS has reported that, over the last 12 months, the remortgage market has transformed with demand for fixeddeals surging – while the popularity of variable remortgages has plunged. Read More

20th
July

Industry News

Variable rate demand drops 75% in one year


Variable rate demand drops 75% in one year : Consumers were correct – borrowers identified that a rate rise was likely, and many smartly capitalised on the situation. Read More

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