The Council of Mortgage Lenders report the the lowest level of remortgaging in over 10 years
The CML have suggest that many people would be reluctant to move away from there existing low interest rate mortgages. Interest rates are expected to remain low for sometime offering borrowers little incentive to move away from their existing arrangements.
Michael Coogan CML Director Chairman, has stated that he expects a muted market for the next few years.
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