What made financial headlines over the weekend?
Remortgaging and protection in 'new Brexit world'
The proportion of borrowers remortgaging increased to four in ten last month, which could signal the start of a rush as fixed rates continue to fall for home owners with a large deposit, said an adviser.
The number and value of remortgages taken out in August increased by more than 30% on the same period of last year, as the market showed "welcome signs of life", according to the CML.
The remortgage market showed signs of recovery after the Conveyancing Alliance reported a 48% increase in mortgage instructions, over the last quarter.
Broker confidence took a significant hit during Q2 of 2010, with two-thirds predicting business will either stagnate or fall in the next three months, according to L&G research.
House purchase lending increased 45% year-on-year in March, while remortgaging fell 29% annually, according to the CML.
Mortgage advisers predict a bumper Q2 as sentiment is buoyed by rising house prices, new lending and improving consumer confidence, research suggests.