Five year products are the most popular for owners remortgaging – PropertyWire

Accord Buy to Let has reduced rates on nine of its five-year fixed rate products. Highlights of the new range, available to those purchasing or remortgaging property, include a five-year fixed rate at 2.19% available for house-purchasing landlords with a 40% deposit with 500 cashback, free valuation and a 950 product fee.

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Five year fixed mortgages remain popular in the UK. The UK has seen a substantial year on year increase in the demand for five year fixed rate remortgages, now making up 42% of the overall lending market.. ‘While most borrowers remortgage to switch deals or save money, we have seen an.

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Five year mortgages are now more popular in the UK than two year deals – PropertyWire . According to an index report, 5 year mortgage term deals are now more popular than 2 year. Some 48% of mortgages in the fourth quarter of 2017 were for five years or more while 40% were two year products.

Rise in popularity of five-year fixes for remortgaging. In April, nearly half (47%) of the remortgage market was represented by five-year fixes – the highest proportion in six months. April’s resurgence is a significant increase from the previous month when five-year fixed rates made up 36% of the remortgage market. demand for five-year fixes is also higher than April 2017 when it was 34%.

For instance, the wildly popular. of virtual products” during his career, making around $150,000 (£113,000) per month in gross sales at the height of RMT. He recalls it “got really crazy” when he.

The remortgage product range from Nationwide will include the following: Two-year fixed rate reduced by 0.19 per cent available at 3.39 per cent (up to 70 per cent LTV) Three-year fixed rate reduced by 0.09 per cent available at 4.09 per cent (up to 70 per cent LTV) 896 product fee 99 booking fee (payable upfront and non-refundable) No.

The vast majority, some 97%, of those who remortgaged in April did so with a fixed rate product, demonstrating their continued popularity in the remortgage market. Five year fixed rate products were the most popular option, making up 48% of purchases, according to the latest data from the LMS monthly remortgage snapshot report.