Remortgaging in the UK remains strong, even in the face of a slower housing market with fewer people jumping onto the property ladder.
The CML has found that despite recent figures showing less lending approved for new mortgages, remortgaging figures still show an increase.
However, a spokesperson for the group explained the findings, stating, "Looking forward, we expect remortgaging to continue to hold up as borrowers coming off fixed-rate deals look to re-finance."