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Re-mortgaging Vs Mortgages For Home Purchase

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Looking at the BBA figures re-mortgaging as risen while mortgages for home purchase have decreased.

Probably a stupid question but do those re-mortgaging reduce the credit available to those for house purchasing ?

As the mortgage companies are repricing their credit surely there is a rush to re-mortgage anticipating rising prices.


Edited by Ash4781

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good question.

part of me says no. if i pay off an existing loan at bank x with a loan from bank y, i release funds for bank x to lend again?

but if last year bank x was northern crock and now they cant lend and everyone is remortgaging with nationwide then nationwide have less to lend? and raise rates?

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  • 295 Brexit, House prices and Summer 2020

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