Across the UK there is talk about how many big name lenders will continue to offer low interest rate mortgage loans. This is expected to carry through to the first quarter of next year. Borrowers are now getting a taste of the latest round of interest rate hikes due to the base interest rate hike which took place two weeks ago. Along with struggling wage growth, Brexit uncertainty and higher prices for everyday items are making it difficult to rise above the new norm and flourish.

There is a new norm for most houseowners across the country. That new norm includes higher prices for many everyday items and paying more for the monthly mortgage. Housing experts spoke loudly prior to the increase in base rate. They recommended remortgage to those who were in position and were able to qualify.

Thousands of houseowners decided to apply for and obtain a remortgage. They saw how others had benefitted from one of the most popular methods to saving money offered today. They saw how houseowners just like themselves were able to obtain a new fixed deal and immediately start saving money.

Amid uncertainty and without true understanding of what will happen within the economy moving forward, there are still tools like remortgage available to help weather many financial storms. Currently, there are many high profile lenders offering deals which are close to the same offers of three weeks ago.

House owners who chose not to remortgage before the hike now have a golden opportunity. They have a chance to transition to a fixed deal with a low rate and affordable admin costs.