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Struggling mortgage holders `should seek advice` Remortgage enquiries `rise in June` Mortgage approvals `up in June` UK mortgage market remains weak, CML says Consumers `should avoid lying on mortgage applications` BoE releases Trends in Lending report Brits `prioritising debt repayment` "Sensible lending" needs to be restored for home buying Many households `to miss mortgage payments` Homeowners `increasingly paying off mortgage debt` Booklet produced for those facing mortgage repayment problems Local authority defends decision to offer 100% mortgages Mortgage lending levels `still low` CML welcomes campaign on repossessions Consumers `increasingly offsetting savings against mortgages` Banks `should be encouraged to provide more mortgages` Younger and richer people `benefiting more from mortgage reductions` Bank of England cuts base rate Negative equity `concerning UK mortgage holders` Interest rate cuts `were not anticipated by consumers`

September `the most popular month for policy renewals`

03/09/2007

More than £2 billion is to be spent on mortgage and annual policy renewals throughout the month of September, new research claims.

Homeowners are expected to spend over half a million hours during the month shopping around for the correct mortgage deal, as September proves to be the most popular month for renewing mortgages, a report by Abbey shows.

The research also shows that September is a popular month for a whole host of annual policy renewals, with 3.2 million people planning to renew their road tax and 2.9 million renewing their car insurance, taking total spending on policy renewals this month to an estimated £2.1 billion.

Nici Audhlam-Gardiner, head of mortgages at Abbey, said: "Remortgaging might be a time-consuming process, but it`s worth investing the time and effort so that you don`t have to invest too much of your hard earned cash when your current mortgage deal comes to an end."

Last month, the Council of Mortgage Lenders released figures which showed that a record amount for July was lent to homeowners, as more people look to remortgage their property. In July, £34.4 billion was lent to consumers.

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