Steve Urwin, managing director of sales and marketing at the society, explained: "All in One mortgage eliminates what can be a stressful part of the home purchase situation by banishing all set-up fees including legal fees on both remortgages
and house purchases.
The demand for remortgages
has nosedived - a problem that has hit Wales particularly hard.
Although debt consolidation remortgages
are available from many lenders it is absolutely vital to check that you don't have any penalties with your existing lender if you redeem your mortgage as these penalties could outweigh any potential benefit.
The call for remortgages
in the Coventry area has shown steady growth in recent months which has been further fuelled by the recent eper cent increase in interest rates.
If mortgage rates have really bottomed this time, of course, homeowners who ignore remortgages
might be contented by the thought they saved time and hassle by sitting tight.
Nearly half of all mortgages arranged by financial advisers were remortgages
UNDERSTANDING tracker mortgages and being aware of any risks with fee rises associated with remortgages
could be the difference between saving a few pounds every month to thousands of pounds in arrangement fees.
Brian Murphy, head of lending at mortgage brokers the Mortgage Advice Bureau, said: "The raft of bank holidays and the royal wedding inevitably skewed the April data, so an overall drop in the number of loan approvals and remortgages
comes as no surprise.
They said the decline in overall lending was likely to have been caused by a further fall in remortgages
offsetting a slight pick-up in advances to people buying a new home.
This month's decision to hold the interest rates was welcomed as Spicerhaart Financial Services revealed a 50% increase in remortgages
in May, as many borrowers look to secure last-minute fixed rate deals at a preferential rate.
The Council of Mortgage Lenders estimates that about a third of all home loans are now remortgages
Benefits: Free valuation & legals for remortgages