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Five year products are the most popular for owners remortgaging – PropertyWire

The data also shows that first time buyers have now opened 1.2 million Help to Buy ISAs, offering Government bonuses of up to £3,000 on top of their savings. with a number of Help to Buy remortgage.

Over 85% of home-owners choose a fixed rate deal when buying a home or remortgaging. The most popular terms are for 2 and 5 years and the length of term chosen reflects the different needs of home-owners. A large percentage of home-owners choose a 2 year fix because the rate offered is cheaper than a longer term deal.

Home owners in the UK are showing a preference for five year mortgages over the more traditionally popular two year deals, new research has found. Some 48% of mortgages in the fourth quarter of 2017 were for five years or more while 40% were two year products, the first time they have been the most popular deal, according to the index report from mortgage firm Paragon.

Remortgage to Invest in Another Property. Remortgage is an avenue to investing in a second property. One takes the built up equity out of a remortgage property and uses the funds to purchase and invest in a second property. When a homeowner has considerable equity built up in a property, loan rates are low and the housing market has well priced properties available it is a good time to.

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Number of people remortgaging hits record level: should you do it? Ultra-low interest rates have led to a surge of people remortgaging and saving serious money, but you need to do your sums before.

She was previously the founder, owner and chief executive of Milton Keynes-based. I am training to become a dog show judge, a seven-year programme. Most weeks, the retrievers are just pets that.

Once customers have paid off their solar systems and thus demonstrated they are dependable clients they are offered the chance to remortgage their system in exchange for further products. if I’m.

New 2 and 5 year remortgage products available from Accord. Accord has introduced two new remortgage products and cut rates on 27 other existing deals. The rate cuts affect the 90%, 85%, 80% and 75% LTV tiers, which have seen reductions of up to 0.25% from previous rates.

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