Rate rise fears driving remortgage surge in the UK - Property Wire

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Rate rise fears driving remortgage surge in the UK – Property Wire

A website about the property industry summarizes a report issued by a mortgage company in the UK. The company found a 14% rise in the number of number of people seeking remortgage loans. The company said about 10,000 borrowers stated they did this in order to get ahead of an anticipated increase in interest rates in the future. The company reported that 85% of these loans resulted in lowered the amount due. The company stated that over half of the time borrowers used pricing as the determinative factor in choosing a loan company.