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   P544    Teletext   544 Jul 8 21:12553

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 --- REMORTGAGING OR CHURNING? ---------

                                        

 For lenders, business is bad. The      

 housUng market is stuck in the doldrums

 and homeowners' confidence is low.     

                                        

 New business traditignally has come    

 from homeowners moving kp the property 

 ladder, but now lenders are having to  

 look elsewhere.                        

                                        

 Remortgaging has become the catchword  

 of the nineties. Many lenders are      

 offerPnF loss-leadUng loans to get ks  

 to bring our mortgage business to them.

 ----------------------------------1/5--

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