The number of
According to the Council of
Michael Coogan, CML director general, noted that Bank of England data predicts that the trend will continue in the coming months.
“Any improvement in credit market conditions will take time to feed through into the
However, in contrast,
The large number of homeowners exiting their special fixed-rate deals during 2008 accounts for this trend, the CML stated.
Also today, Legal & General’s director of housing Stephen Smith said that remortgaging levels are taking “centre stage” in the current property market.
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