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Only 13% planning to remortgage

Only 13 per cent of homeowners are planning to rem-ortgage this year, according to Legal & General&#39s latest Moving Intentions survey.

The survey says this figure is not as high as expected considering the historically low level of interest rates and presents an opportunity for IFAs to encourage borrowers to remortgage to save money on the cost of owning their home.

L&G says current deals mean that borrowers could save significant amounts of money with a typical discount mortgage now on offer from a UK lender, knocking 2 per cent off the interest rate for the first two years, saving a homeowner £4,000 over the period.

The survey shows only 37 per cent of homeowners bel-ieve house prices will rise in 2002 compared with 63 per cent in June last year.

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