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

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.

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Rise in popularity of five-year fixes for remortgaging. In April, nearly half (47%) of the remortgage market was represented by five-year fixes – the highest proportion in six months. April’s resurgence is a significant increase from the previous month when five-year fixed rates made up 36% of the remortgage market. Demand for five-year fixes is also higher than April 2017 when it was 34%.

5 top tips for remortgaging your property. According to the MoneyFacts website*, 2016 was the best year for remortgaging since 2009. The figures show that the total value of remortgage lending reached 65.7 billion in 2016, an increase of 11.5 billion (or 21%) from 2015.

Most fixed rate deals run for between two and five years, although some are longer. Fixed rate mortgages are the most popular mortgage type for people looking to remortgage, according to MoneySuperMarket mortgage comparison quote searches from January 2016 – July 2018.

Popular five-year mortgages overtake two-year deals Posted on March 6, 2018 by Kate Saines in News with 0 Comments Borrowers are opting for five-year fixed-rate mortgages over two-year products for the first time, new figures have revealed.

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Home owners in the UK are showing a preference for five year mortgages. while 40% were two year products, the first time they have been the most popular.

2010-02-17  · The federal government has tightened mortgage requirements for non-owner. increased their debt by remortgaging. the five-year fixed rate, no.

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.

Most popular calculators.. Offer is available to customers with new owner occupied, Eligible products cannot be from the same product type.