A great part of the general population of the UK is aging.  In an economy where investments and savings have lost value the realization that retirement is going to be much harder than it should be is starting to set in.  There are many pensioners that are forgetting about a source of funding for their retirement and that is cash equity release of their home through a remortgage.  If there is a need for further investment or funding expenses a homeowner should consider a remortgage rather than pulling from their savings and retirement funds.  More and more homeowners are choosing cash equity release remortgages as a way to help budgets stretch and pay for major purchases and expenses.

Currently the interest rates associated with remortgages are at very low levels.  According to a recent report from Countrywide the interest rates for remortgages are at levels not seen since 2008.  Homeowners that need more cash flow should not let the consideration of a cash equity release remortgage pass them by nor should they expect these low interest rates to remain for a long time.

The current rates that are being offered are there due mainly to the competitive market that has emerged among lenders.  This competitive environment occurred when the warnings of an interest rate increase by the Bank of England was not an immediate possibility.  It is true that the odds of an interest rate increase are low but as soon as the economy changes there will be warnings long before the rate changes.  Those warnings will prompt lenders to pull their best deals off of the market.  For a homeowner that is looking to grab a great cash equity release remortgage to help them through retirement in a weak economy the time is good to make a deal.