Homeowners Lose Out on Best Remortgage Rate Deals

Reporting on Remortgage.com, falling equity levels mean homeowners are losing out on equity release remortgages as well as the best rates on traditional remortgage offers from high street lenders.  With some quite dramatic house price falls homeowners are in a catch 22.  The only way to increase equity when the value of hosues are falling is to pay off more debt. But many mortgages will penalise overpayments.