The reality of remortgaging: Brits underestimating £3.5bn* possible mortgage savings

The reality of remortgaging: Brits underestimating 3.5bn* possible Mortgage savings. 13 January 2017. Find out more . TSB launches Britain’s best personal loan. 3 January 2017. Find out more . Get Financially fit for the new year. 3 January 2017. Find out more

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According to figures from the British Banker’s Association homeowner remortgage activity in July rebounded strongly showing lending was up 29% year-on-year. As lenders update their remortgage interest rates and fixed rate loans remain cheap, homeowners are rushing to secure new mortgage deals.

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One in four (25%) of those plan to act now and remortgage in January. The potential savings they could be making, however, are being underestimated by nearly half, according to a new report from TSB. According to the survey of 2,000 homeowners, the average saving they expected to make from remortgaging their property was estimated at 49 a month.

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