LMS, Legal Marketing Services, have published a report concluding that monthly gross remortgage lending was at its highest level for almost eight years[1]. With house prices rises causing homeowners to benefit from addition equity in their properties, this has helped remortgagors to gain good loan to value percentages and the lowering from the base rate in August to 0.25% has made remortgaging even more attractive.
[1] http://www.lms.com/mortgage_report/aug16/index.cfm
