Remortgaging activity in London reached a nine year high in the second quarter of this year with some 16.9% more completed than in the same period of 2017, new figures shows.

There were 15,200 new home owner remortgages in the capital amounting to £4.84 billion of lending, a rise of 23.2% year on year, according to the latest regional mortgage trends report from UK Finance which represents the majority of lenders in the UK.

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