Key stats:
- £214.28 average monthly repayment increase for those who remortgaged in 2022
- 47% of borrowers increased their loan size in 2022
- 65% of those who remortgaged took out a 5-year fixed rate product, the most popular product in 2022
- 27% said their main aim when remortgaging was to release equity in property
Remortgage loan sizes:
- 47% increased their total loan size
- 34% saw no change in their loan size
- 19% reduced their total loan size
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