Half of Brits shun remortgaging to avoid 'the hassle'

Half of British homeowners have never remortgaged - even though one in three know it could probably save them money. A survey, of 2,000 people with a mortgage, found they still have an average of 45% of it left to pay. But 9% admit they have no idea exactly how much they still owe. and 49% believe the hassle and paperwork of remortgaging wouldn't be worth the financial savings. A spokesman for Barclays Mortgages, which commissioned the research, said: “It's clear from our research that many find remortgaging a tricky subject to understand, even though UK adults have been on the mortgage payment ladder for an average of 13 years and five months." 

Daily Mail (30/10/2021)   The Express (30/10/2021)   The Sun (30/10/2021)