Remortgage instructions on the up

The improvement follows a period of static activity after the CML reported remortgages making up a quarter of all new home loans in August – the lowest proportion in ten years. Despite this, a recent report from global consulting firm, Simon-kucher and Partners, has suggested that the remortgage market is on the verge of a “major chum driven by customers” who purchased remortgage products during the early months of the credit crisis. Managing director of Conveyancing Alliance, Harpal Singh, said: “To say the remortgage market has been depressed would be a gross understatement however...