Consumers are looking for ways to make budgets stretch and ways to lower debt.  Homeowners may have not considered how a remortgage can offer them more than just a cheap interest rate.  Remortgages can help consolidate debt and put cash flow into a homeowner’s budget.  It isn’t the right decision for all homeowners as it could put the property into jeopardy if mortgage payments aren’t kept up but in the right situation a remortgage could make all the difference in this difficult economy. 

A cash release remortgage can put cash into a homeowner’s hands for whatever purpose they choose.  It could be to help pay off debt, to consolidate it, or to pay off unexpected expenditures.  With the cheap remortgage offers from lenders it is often times much cheaper to remortgage for cash than to obtain a cash loan of another sort. 

The UK economy continues to struggle and consumer confidence has fallen again.  For homeowners wanting to ward off the problems that could arise in the break-up of the eurozone a remortgage could secure a low interest rate against rising ones and cash for budget needs.

Nick Moon, the managing director of GfK NOP Social Research, said: "Consumer confidence has shown the second major fall in a row, returning to the depths of the first quarter of this year. It's becoming clear that May's positive surge was the exception rather than the norm, as we return to minus 30 – wiping out almost all of May's rise. Before this year, the index has only twice been lower in its 37-year history: during the recessions of early 1990 and mid-2008."