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Eight Year High of the Number of London Remortgagors

  • Yazarın fotoğrafı: IronStone Legal
    IronStone Legal
  • 28 Mar 2018
  • 1 dakikada okunur

There were 14,500 new homeowner remortgages in London completed in the fourth quarter of 2017 according to UK Finance, 9.8% more than in the same quarter a year earlier and the highest level in eight years. These deals totalled £4.41bn of remortgaging in the fourth quarter – a significant 16.4% more than the year before.

First-time buyer lending didn’t see the same boost, with 10,700 new first-time buyer mortgages completed in London in the fourth quarter of 2017, a similar number recorded in the same period in 2016.

The average first-time buyer in the capital is 32 and has an income of £66,000.


 
 
 

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