Recently released data reveals homeowners are switching to record low fixed mortgage rates in a bid to take advantage of the ongoing price war between lenders and the increased equity available on their homes. The firm Legal Marketing Services have divulged the fact that the amount of remortgage loans increased to 26,756 in January, which is 20% more than December 2014. However, this is a figure 7% lower than in January 2014.
The number of UK homeowners remortgaging or having their properties repossessed has fallen, according to new figures. This is particularly good news for homeowners as the housing market shows positive improvement.
Whilst you might be trying to lose a few pounds around the waistline after a festive feast or two, why not try and add a few pounds to your wallet.