More than three quarters of mortgage holders consider remortgaging their property this year, research shows.
Low rates and competitive mortgage deals that offer mortgage holders big savings are causing mortgage holders to consider remortgaging, they said.
The Property Investor and Homebuyer Show North, which is taking place in Manchester's G-Mex, headed the research.
Remortgaging figures have seen a constant rise over the last three years, with an annual increase of 25 per cent reported.
Experts believe mortgage holders and investors are becoming used to shopping around for the best available deals.
According to the managing director of the Property Investor and Homebuyer Show North, Nick Clark, property investors always want to see their money working hard for them and are now more willing than ever to shop around to negotiate the best deal possible for their mortgage.
He added: "With interest rates historically low and likely to decrease further in the next few months, we are expecting to see many more homeowners and property investors remortgaging to take advantage of competitive deals."
Remortgages form almost half of all mortgage loans, the Council of Mortgage Lenders believes. This amount for remortgaging comes to a total of almost £9,300 million this year, compared with 2002's total of £5,400 million.
Mortgage holders to take advantage of remortgaging deals
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