Many UK homeowners could benefit financially by moving their mortgage to a more competitive product and this is a growing trend. According to the Council of Mortgage Lenders, remortgaging accounted for 51% of all lending during May. At £10.9 billion, this was up from last year's May figure of only £6.9 billion.
To highlight the benefits, Intelligent Finance has been running a marketing campaign for both consumers and IFAs. For IFAs, the bank produced a 'Remortgage Toolkit' to promote the remortgage package available and the services available to Advisers placing mortgages with Intelligent Finance. All those that requested a Toolkit were entered into a prize draw to win a Palm PC.
