Less Britons find a remortgage, figures reveal by Finance News Bulletin

Published: 21/11/06

Levels of remortgaging are at their lowest in five natural life, data made available by the Council of Mortgage Lenders has exposedEquity release mortgages accounted for 30 per cent of the market's total worth in September, which is down from 42 per cent in the same month last year and the lowest since August 2001The Council of Mortgage Lenders claims that this trend represents the efforts providers have made to proffer more good-looking deals, thereby reducing the temptation to find a remortgage as well, the third-quarter figures for remortgaging are also down from 2005, from 39 to 31 per cent of the marketplace

Michael Coogan, director general of the Council of Mortgage Lenders, commented: "The descending trends in remortgaging illustrate how lenders are reacting to competitive circumstances and offering attractive retention products and policies to their customers"However, these info contradict research from August, in which Prudential claimed that the equity release mortgage marketplace is increasing annualToday's Most Popular Results Mortgage Enquiry Form Need Life Insurance ------ Mortgages - Information Mortgages - Home ------ Financial Services - HomeNone of the in order on this website is intended to promote any exact mortgage product or provide mortgage advice

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