Is it Time to Remortgage as Fixed Rates Hit All Time Low

Published / Last Updated on 28/11/2019

Figures released by November 2019

  • 2 year fixed rate mortgages = average 2.4% pa - 12 mth low
  • 10 year fixed rate mortgages = average 2.76% pa - All time low

Remortgage transfers to a new mortgage provider were up 75% in the 3rd quarter or 2019 according to UK Finance (a lobby/trade group for the top 50 banks/lenders).

In addition, a total of 135,500 of the 311,400 mortgage product transfers conducted in the third quarter of 2019 were done on an execution-only basis i.e. consumers doing 'DIY' remortgaging.

Is now the time to remortgage?

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