Remortgages with new lenders using MAAs up 126% year-on-year, but ‘plenty of scope’ for more consumers to benefit.

Borrowers pushed submissions 54.3% higher compared with the same period a year earlier. 

Lower inflation and interest rate cuts will help unlock money so it can be spent in the economy, Martins said.

The network has strengthened its senior team with new promotions and board appointments.

Conversely, demand for remortgaging is expected to increase as 1.8 million mortgages matured in 2025.

The average mortgage rate dropped by 39 basis points from the previous month to 4.35%.

Roland McCormack, MD of intermediaries at Barclays, takes a look back at the remortgage market's performance in Q3 and says the sector appears well-positioned for a steady and...

The average borrower’s mortgage accounted for 34.3% of their salary in September – the lowest proportion since November 2022.

The sheer volume of loans maturing has tilted the market towards refinancing, however the purchase market remains strong, Stonebridge says.

Grant Hendry, director of sales at Foundation Home Loans, says brokers who understand how to navigate subtle criteria differences can unlock options that others might overlook,...