There are now two markets in the
In contrast, the tally of remortgages – 32,000 – was down both on July’s figure (by 22 per cent) and compared to August last year (by 57 per cent).
CML economist Paul Samter said the remortgaging trends are due to the low interest rates those coming off deals are seeing.
He stated that the homebuying market has “revived” since the start of this year and is “now on a firmer footing”.
A number of lenders have recently announced they are introducing
One of these is the Coventry Building Society, which has just announced the launch of a two-year fixed-rate deal at 3.87 per cent and a