Homeowners Opting to Refinance: A Shift in South London Trends
Recent data reveals a significant trend among South London homeowners: many are choosing to refinance rather than move. According to Twenty7tec, the remortgage-to-purchase ratio has risen for three consecutive years, reflecting changing homeowner behavior in areas like Clapham and Brixton.
In July 2025, remortgage searches hit an impressive 885,774, nearly matching the 938,060 purchase searches. This marks the smallest gap ever recorded between the two, with only 52,000 cases apart. Just a few years ago, remortgaging accounted for only 56% of purchase volumes. Now, it's clear that rising costs and uncertainty are reshaping decisions.
Homeowners are increasingly opting to stay put, avoiding the financial and logistical challenges of moving. Many are reinvesting in their current properties instead. Higher mortgage rates have made upsizing more difficult, particularly for those who secured ultra-low deals in the past. With first-time buyers entering the market later in life, the focus has shifted to securing rate certainty and reducing monthly payments.
This trend is crucial for understanding the South London property landscape. As homeowners choose to refinance, it could lead to a slowdown in new listings, impacting the overall market dynamics. Buyers may find fewer options available, while those looking to sell might face challenges in attracting interest.
As a South London property expert, I see both risks and opportunities in this evolving scenario. Staying informed about these trends is essential for making smart decisions in the property market.
What are your thoughts on the refinancing trend? Let's discuss!
#Refinancing #SouthLondonProperty #HousingMarket
If you are looking for help with your property in London – Sales, Rentals, Investments.
Reach out: 07837 093554 or email me at jeroen@claphampropertyblog.com
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