The reality of remortgaging: Brits underestimating £3.5bn* possible mortgage savings

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Remortgaging accounted for only a quarter of home loans in August, the lowest proportion in more than a decade, according to the figures published by the Council of Mortgage Lenders. Just 25,000 loans were approved for house purchase in August, down 13 per cent on the previous month and 19 per cent lower than a year earlier.

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City investors were suffering a bad case of subsidence today on the back of a profits warning from mortgage provider Northern Rock and. is the latest broker to raise its recommendation for British.

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He also chastised current Fed chairman Ben Bernanke for ‘vastly underestimating’ the risks being taken by. Mae and Freddie Mac lending organisations to offer longterm stable mortgages for Americans.

The number of home loans approved by banks doubled in December but the overall amount of money being loaned to consumers in 2009 slumped by 63bn, its lowest level since 1997.

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