Borrowers remortgaging this year face average annual costs of £1,752, around £146 a month, according to BoE estimates.

Borrowers remortgaging this year face average annual costs of £1,752, around £146 a month, according to BoE estimates.
The shared commitment provides a framework for practical action, including strengthening adviser education.
The former pensions minister is urging DWP to ensure records are retained for as long as they may be needed to clear up any outstanding state pension errors.
Hodge has expanded its remortgage range up to 90% LTV, offering greater flexibility into retirement.
It has launched a new Suitability Report ahead of potential regulatory change as a result of the FCA’s recent Discussion Paper.
Unlocking property wealth to pay off an existing mortgage has dropped from 42% of applications to 27%.
more2life responds to the FCA's Discussion Paper, urging it to create the conditions for later life lending to deliver to its full potential.
Dave Harris, CEO at more2life, explores why Inheritance Tax is becoming a more prominent element in later life lending decisions.
Current distribution director of Home Finance, David G Jones, retires after more than 38 years at L&G.
Among queries on drawdown products, the half-yearly average reserve amount has risen by 17%.
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