Remortgages up in January

Ben Southwood
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A JANUARY climb in remortgages has done little to reverse a steady slide in the market since the onset of the recession, two data releases said this morning.

LMS’s remortgage report put lending up 6.2 per cent on December to reach £2.9bn last month. But Lloyds TSB pointed out that total 2012 remortgage activity was just 24 per cent of the 2008 level.