Remortgaging jumps by 20%
The increase in May's remortgaging activity is in line with the initial fixed rate period of mortgages coming to an end, says UK Finance
London remortgaging activity reaches a nine-year high
8% fewer home-mover mortgages for were agreed in Q2 this year compared to last, while 17% more home-owners refinanced their existing properties
Home-mover & buy-to-let lending falls as remortgaging booms
10.8% more homeowner remortgages were completed in 2018 than in 2017, says UK Finance, while 11.5% fewer new buy-to-let and 1.9% fewer new home-mover mortgages went through.
Stamp Duty receipts rocket
HMRC's revenue from SDLT was 22% higher last month than in March 2020.
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