Figures just released for March 2003, show that whilst new home borrowing is down, re-mortgaging deals are up. This means that overall borrowing figures have still been consistent again for yet another month.
Re-mortgaging accounted for more than 50% of total new loans and shows that people are not fools and are taking advantage of the extremely low interest rates.
Re-mortgaging to a new lower interest rate can save you thousands of pounds.
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