One in five homeowners are thinking about remortgaging at some point this year, new research has revealed.
A study carried out by Lloyds TSB discovered 19 per cent of respondents say 2013 is a “good time” to consider the move and more than one-quarter (28 per cent) believe there will be some desirable deals on the market in the coming months.
In addition, 27 per cent of people surveyed stated they would be interested in remortgaging if there was the chance they could make a saving on their mortgage.
Lloyds TSB’s mortgage director Marc Page said standard variable-rate mortgages have been at historically low levels for quite some time, so it is not surprising many households have not considering moving from them.
“But with fixed-rate mortgages falling and some good deals expected on the market this year now is the time for borrowers to consider the benefits of remortgaging,” he continued.
According to research from Moneyfacts, the average two-year fixed rate for remortgage consumers was 4.68 per cent in 2010, but this has since dropped to just 3.8 per cent.
