Changed circumstances can complicate the remortgage process, but lenders with flexible underwriting techniques can help
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...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.