A flexible approach

Remortgaging has increased in popularity over the last few years as the latest figures from the Council of Mortgage Lenders (CML) clearly show. While the market remains strong, the reasons for remortgaging vary from borrower to borrower and if someone's circumstances have changed since they last obtained a mortgage, it may be more difficult for a broker to place the application than the borrower first imagined. The latest CML statistics show that, despite a fall from a record high in January 2002, remortgaging still accounted for 38% of all gross lending in February of this year. In qu...