Recent News
6th
June
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
19th
February
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
26th
January
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
18th
January
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
3rd
January
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
3rd
January
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
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
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
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
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