2014 sees largest remortgage loan ever recorded

This year has seen the largest amount ever recorded for an average remortgage loan, with the figure standing at £163,161, according to new figures.

Rising house prices have pushed remortgaging loans up and the increases is nine per cent higher than in June last year, and five per cent up from May.

Rising property values means homeowners are able to remortgage for record loan amounts without increasing the LTV ratio, ensuring they preserve their current competitive rate.

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