Category: Remortgaging
Yorkshire Building Society has updated their valuation policy as physical property inspections remain prohibited.
Recent figures show the value of mortgages due to mature this April will account for 11% of the £184bn of mortgage maturities in 2020.
A total of 96% of those who remortgaged throughout 2019 did so with a fixed-rate product.
In the final quarter of 2019, there were 70,880 homeowner mortgages in arrears of 2.5% or more.
The changes hope to save customers, including first-time buyers and those remortgaging, hundreds of pounds.
Launched in 2018, the charter outlines a set of standard practices.
The client services team is headed up by operations manager Jessica Brome.
Paragon’s FACT research has tracked broker trend since 1995.
In December 2019, 95% of those who remortgaged did so with a fixed rate product.
The annual gross mortgage lending total for 2019 was £265.8bn.