The Council of Mortgage Lenders announced that the number of remortgages rose to 40,000 last year.
This represents a 54% increase on the number of repossessions in 2007.
The rise is due in part to the lack of affortable remortgage deals, leaving many unable to afford their standard variable rates.

Due to the credit crunch, home owners and landlords are being advised to act quickly when considering a cheaper remortgage deal.
Kate Faulkner, managing director of Designs on Property, has urges remortgage customers to start seeking their deals “really early.”
She continued: “It’s not something that you can do six weeks before you remortgage; it is something [...]

The south-west has suffered a spate or repossessions, with hundreds of people unable to keep up mortgage repayments or remortgage effectively, the Guardian Online reports.
Figures released yesterday reveal that repossessions in Devon and Cornwall increased by 41% earlier this year compared to the same period in 2007.
Mortgage experts in the area predict that there will [...]

The Halifax has issued a stern caution to the national press to hold off the sensationalist reports regarding house prices, as reported in the national press last week.
Many publications - including The Sun, The Telegraph and The Times - have quoted single monthly figures to demonstrate the drop in property prices. However, Halifax insist that [...]

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 [...]