According to Cheltenham & Gloucester, us Brits shouldn’t be panicking over remortgaging, reports MortgageSorter.co.uk.
Their research shows that a third of homeowners would rather stick on a higher rate with the lender they have now, than try to find a good remortgage deal and risk being given a ‘no’.
It also emerged that two fifths of people [...]

With house prices falling so dramatically during August, remortgaging rather than selling up and moving on has never looked such an attractive option.
Some home owners have been scared into sticking with a rising rate on their mortgage because of fears their application will be rejected by lenders. But with the Halifax index recording a 12.7 [...]

The former chairman of HBOS, Sir James Crosby, has put together a report predicting another two years of stagnation in the mortgage market, reports The Thrifty Scot.
He believes there will be further problems ahead for those looking to take out a first mortgage and for those seeking a remortgage deal.
This will have particular resonance for [...]

Good news for anyone looking to buy or remortgage a property under the value of £175,000 as The Times reports the government’s plans to axe stamp duty for anyone falling under this threshold.
While the measure is likely to effect mainly first time buyers at the bottom end of the market, it will also have [...]

Home owners in negative equity will not be allowed to take advantage of the mortgage rescue plans from the government, reports The Times.
Those who have negative equity in their home will be barred from accessing a portion of the £200 billion fund provided by the government, even if they are in dire straits and desperate [...]

The Bank of England’s decision not to adjust the base rate has been an initial blow to those looking for the best remortgage deal, but many lenders are confident that there will be a cut soon, reports MortgageSorter.co.uk.
This will mean mortgage rates could fall too, which will be welcome news for anyone wishing to remortgage. [...]