The Q3 report revealed an unusual trend for Britain’s homeowners; with rates at record lows over 36,000 homeowners have remortgaged their homes. Typically remortgage product sales decrease in August, but bankers are happy with the direction clients are taking. This move is geared towards long term stability as many of the remortgage products purchased featured fixed rates. This is going to benefit homeowners that otherwise may be affected by the anticipated rate increase going forward into 2019.

Read more: Time is of the essence: Barclays Quarterly Review – Financial Reporter