Home owners could be more motivated to remortgage later this year, analysis suggests

Moneyfacts | April 24, 2019

The motivation for existing home borrowers to remortgage is expected to increase and reach a peak in October of this year, according to a new analysis. The latest research from Moneyfacts suggests that those on a two year fixed rate at an average of 2.3% taken out in May 2017 could see their interest rate more than double when moved onto the average standard variable rate (SVR) of 4.89%. Further research shows that the average two year fixed rate reached a record low of 2.2% in October 2017 and if the average SVR remains constant at 4.89%, the projected average difference in the revert rate will increase from 2.59% to 2.69% by October 2019, increasing the motivation to remortgage even further.

Spotlight

Real estate investment requires strategic asset allocation to maximize returns. Learning the asset allocation process helps improve portfolio performance.


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More