New research by My Home Move has found that Homeowners in England and Wales are borrowing more when they remortgage. They found that homeowners remortgaged for an average of £15,000 more in 2016 than they did in 2014, and that
57% of remortgage cases in 2016 were capital raising.

They also found that those in the East Midlands borrowed almost double the amount in 2016 than they did in 2014 and that those in the East of England, Home Counties, North West, South East and Wales also increased their debt.

Remortgage lending rises after lenders slash rates – What Mortgage