Rising inflation and uncertainty surrounding Brexit are two issues which have been on the minds of house owners. These two issues place stress and burden on anyone looking to save money not knowing what tomorrow brings. It is enough that petrol prices are high and groceries seem to be rising in price as well. Many house owners have once again turned to a method to potentially save money on the cost of the monthly mortgage payment. They continue to turn to remortgage.

The month of August proved once again to be a strong month for mortgage lending. According to data from UK Finance, remortgage is leading the market and maintaining its momentum. House owners are benefitting from heavy lender competition and low interest rates.

House owners are not only finding low, fixed interest rate deals from serious lenders; they are finding deals with unique incentives connected to them. It is not uncommon now for lenders to offer free legal fees, free valuations, and cash back. These incentives are found not only individually, but in combination as well.

Although remortgage is pushing the market along, some housing experts are finding concern in what the data is saying. Some are even calling this a flat housing market.

Remortgage gives the house owner options now and enables them to take control of their financial destiny to an extent. The mortgage lending tool has been around for decades, but is now seen as a quick, easy method to obtain a lower, fixed interest rate on their mortgage. This not only ensures protection from future hikes in rates, but also gives them the ability to turn home equity into cash.