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Remortgage lending at its highest level in five months!

Remortgage lending had its best month in five months in April, helping to boost gross lending by 5%, according to figures released today by the Council of Mortgage Lenders. A total of £3.4bn was advanced to borrowers remortgaging in April, up 9.7% on the £3.1bn advanced in March.
While remortgaging figures where 2.9% down on the £3.5bn advanced in April 2012, it was the highest figure since November last year when £3.4bn was advanced to remortgage borrowers.
The CML reported its total gross lending figures last month, showing April had experienced its strongest month since 2008. The 4.3% increase in gross lending from £11.6bn to £12.1bn in April, was in part due to the strength of remortgage lending, according to the CML.

 

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Below is just some of the many lenders we work with to get you the right mortgage.

Halifax   & Nationwide Building Society
Santander
Aldermore   & Skipton Building Society
Leeds building Society
Natwest
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Business as Usual COVID-19 Update
Currently we are operating as normal, we have put a number of procedures in place to help mitigate the spread and limit the impact on the companies operations. Our staff are fully equipped to work remotely from home to answer your mortgage related questions. Your safety and well-being is of the utmost importance to us and so we are closely monitoring the situation with COVID-19 and the mortgage market. If you have any questions related to a new or existing mortgage then we are a mortgage broker that is happy to help answer them. Thankfully, none of the Search Mortgage Solutions team has been directly affected by COVID-19 and we have taken preventative measures to ensure this remains the case, which includes our staff working from home where necessary.
I want to reassure you that our service will continue to function as normal. All enquiries will still be responded to, and all staff will have full access to all the resources they need.

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