LMS annual remortgage snapshot – 2022

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LMS

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

View the report

This article was submitted to be published by LMS as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

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