Remortgaging at a 19-month high
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The number of remortgages rose to a 19-month high in February as home owners braced themselves for interest rate rises.
A total of 27,144 people switching to new deals had loans approved during the month – the highest level since July 2009, according to the British Bankers' Association.
It said homeowners appeared to be keen to take advantage of the competitive deals available, as recent high inflation figures have stoked expectations that the Bank of England may raise interest rates sooner than expected.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments