‘Back to school’ sentiment for remortgage efforts
Article Category: Debt Management Help and Advice
Britons still have a ‘back to school’ approach to their finances, with many opting to remortgage in September, according to Abbey.
Figures from the financial services provider show that mortgage renewals are at one of their highest levels all year during the month.
Meanwhile, 23.8 million hours are to be spent shopping around for the best deal on car and home insurance, the research reveals.
Of this, 90,000 homeowners are to spend almost seven hours each trying to reduce their mortgage repayments.
“Remortgaging might be a time-consuming process, but it’s worth investing the time and effort so that you don’t have to invest too much of your hard-earned cash,” advises head of mortgages Nici Audhlam-Gardiner.
“Customers coming to the end of fixed-rate deals in the next month will find it hard to match their previous mortgage.”
Recent data from the firm found that bald men are typically more successful at saving for financial security in their future.
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