Related topic: Remortgage

Mortgage approvals fell to their lowest level since the end of 2023 and have remained below 60,000 for five consecutive months.

84% of brokers expect the Bank of England to increase the base rate before the end of the year.

Demand fell in Q3 amid renewed uncertainty over the domestic political and economic outlook.

The pressure on budgets can also be seen in the shift to short-term and variable rate products.

The figures represent a shift from the previous quarter, when remortgage activity had returned to more normal levels following the significant spike seen in March.

First-time buyer, remortgage and home mover products benefit from the latest reductions, with the return of several sub-5% rates.

Twenty7tec recorded 860,951 residential remortgage searches during September, an increase of 40% in a single month and 44% year-on-year.

Nakita Moss, head of lender at Twenty7tec, says when large numbers of existing borrowers are actively reviewing their options, the value of the relationships firms have already built...

Paul McGerrigan, CEO of Loan.co.uk, says while remortgage activity has slowed, homeowners haven't stopped needing capital, and secured loans are increasingly becoming part of the...

My Mortgage Partner helps advisers support borrowers during the mortgage journey and creates opportunities for future mortgage, protection and GI conversations.