Re-mortgaging trend will heighten, says L&G

More people will re-mortgage their properties over the next twelve months compared with the trend last year, according to the results of new research from Legal & General. Called 'moving intentions', the research shows that 14% of people questioned had re-mortgaged in the last 12 months, but 17% are likely to re-mortgage in the next 12 months. Sixty three per cent of homeowners now expect interest rates to rise over the next 12 months, which is a marked increase on the results from the last survey in October 2001 when only 34% of homeowners thought rates would rise. Optimistica...