UK property market sees best February for remortgaging since 2009

The value of remortgage lending in the UK reached £4.4 billion, the largest amount recorded in the month of February for seven years, despite decreasing from January, new data shows. The figures from outsourced property services provider LMS also shows that the number of remortgage loans rose 23% year on year in February but fell by 16% from January and the value of gross remortgage lending is 26% higher than February 2015’s figure of £3.5 billion. Per customer, the average amount of equity ...