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Households could save £400 on annual debt repayments by remortgaging their home before New Year

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dailyrecord.co.uk
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The average UK household could save £400 per year by remortgaging according to new research by Norton Finance. UK house prices increased by 10 per cent in the year to November 2021 and total unsecured consumer debt across the UK is now at £197.9 billion, which works out at £7,119 per household on average, of which £2,058 is credit card debt.

However, in just 21 days, UK homeowners could set themselves up to save £400 every year by remortgaging, says the independent finance broker.

This would empower borrowers to combine expensive debt into cheaper packages and means the average household could save over 20 per cent on debt repayments.

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