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News on Property Today by Harvey Hancock

Remortgages on the increase

Low interest rates may not be around for much longer.We published an article that said it may be time to remortgage your properties before the current record-low mortgage rates go up – figures from the British Bankers Association show that other landlords are already doing so.With a wide range of competitively-priced offers, if you have been holding back on remortgaging, then now may be the time to act.If we assume a base rate increase in spring 2016, we may actually see interest rates go up before then – so remortgaging a day before the base rate increase won’t be a good idea.

Harvey Hancock

Harvey is our in-house copywriter. He provides the majority of the news stories that come out of the industry, and also reports on our internal research and news. Please email Harvey.Hancock@propertyfranchise.co.uk with any queries or comments.

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