Most UK homeowners are now remortgaging their homes due to historically low-rates. The research by conveyancing panel management specialists LMS, shows that nearly two thirds of remortgagors are planning on remortgaging their property again, mainly due to the reduction in base interest rate from 0.5% to 0.25%. The research also showed that 46% of all remortgagors changed their products depending on their financial situations and expectations. August 2016 had the largest number of remortgagors in seven years, with the 2 year fixed product being the most popular while the five year option is also going up in popularity.

Historic low rates encouraging more UK home owners to remortgage – Property Wire