Remortgage loans have increased by 45% over the last 12 months according to property services firm LMS, this includes an 8% rise over the last month recorded.
However the average value of loan has decreased by 11% over this period from £35,590 to £31,589.
The Bank of England has recently lowered interest rates which has encouraged more home owners to remortgage.

Number of remortgages in UK up 8% monthly and 45% year on year – Property Wire