One of the UK’s biggest providers of home loans has said that customers should take advantage of positive market conditions to increase their equity by remortgaging their homes.

HSBC said that the low Bank rate as well as an upsurge in the housing market means that home owners are able to overpay on their home loans, which means that customers could benefit from lower interest rates after remortgaging their homes.

A study by the High Street bank showed that customers would be able to increase their home equity by 10 points within 12 months, if they had taken out their mortgage in 2007.

Head of mortgages at HSBC, Martijn van der Heijden, said: “This analysis shows how important the rebound in house prices has been for existing home owners. Whe

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