Remortgaging spikes in June
Original Article Summary
The number of homeowners remortgaging reached a two-year high in June according to Bank of England data. They rose by 200 from the month before to 41,800 in June, the highest number since October 2022, when there were around 50,000. John Phillips, chief executive of Just Mortgages and Spicerhaart, said: “Remortgage activity now at its […] The post Remortgaging spikes in June appeared first on PropertyWire.
PropMatch Curated Analysis
Remortgaging activity hit a two-year high of 41,800 in June, driven by mortgage maturities from COVID-era and post-mini-budget deals, with experts expecting continued activity as borrowers seek better rates.
Investor Relevance
Critical for portfolio refinancing strategies as investors with maturing mortgages face potential rate shocks or opportunities for better deals, directly affecting cash flow and investment returns across all property types.
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