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Mortgage Advice Bureau (Holdings) Plc

Demand remains strong in UK for five year fixed mortgages

Demand for a five year fixed rate remortgages in the UK have increased substantial year on year and now makes up 42% of the lending market while an increase in equity released through remortgaging is now at its highest level for 10 months.

The proportion of borrowers remortgaging due to divorce or separation from a partner has increased to 5% of the market in May, according to the latest report from conveyancing service provider LMS.

Mortgage Advice Bureau (LON:MAB1) is a leading mortgage network as well as the most recognised intermediary consumer brand, winning over 70 national awards for the quality of its advice and service during the last five years.

With over 1,000 advisers across the UK, we offer expert mortgage advice on a local, regional and national level to UK consumers, both face to face and over the phone.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.