Remortgages lifted by 14% in January compared to a month ago as mortgage rates stabilise, according to data LMS. Last month also saw instructions jump 70% as the average remortgage loan amount in London came in at £378,477, with the rest of the UK standing at £175,186, the conveyancing services firm’s latest
Advisers must consider income protection for clients as the latest data shows almost half of borrowers see monthly payments increase when remortgaging.