Remortgages fuel small jump in home loan figures

Some good news for the housing market emerged yesterday, as the British Bankers’ Association reported “exceptionally strong” demand for funds to remortgage property. That would suggest that the credit crunch may not be affecting those refixing their mortgages quite yet, contrary to some of the more gloomy predictions about their plight. The BBA said the number of remortgage approvals rose to 79,016, up 17 per cent on December and up 39 per cent year-on-year as a raft of borrowers came off two-