So far this year remortgage has been on somewhat of a roller coaster trip. January saw remortgage activity strong and a continuation of the strength seen during the month of December of last year, usually a typical month that activity slows. February took a turn south as remortgage activity slowed compared to the month prior. March then saw another turn, as remortgage activity picked up and increased once again.

Conditions remain true for remortgage activity to remain strong for the coming months according to many experts close to and within the UK housing market. Lenders are able to work well with the current base rate which sits at 0.25%. This low rate was made a reality last summer when rates were reduced for the first time in years. The rate was reduced from 0.5%.

According to data from the Council of Mortgage Lenders, remortgage increased 14% last year in year on year comparison. Value in remortgage also increased 20% last year when compared with 2015. Volume of remortgages last year was the highest in six years.

Home owners are now finding savings this year as conditions are still favourable for lenders to offer deals with not only attractive interest rates, but attractive administration fees as well. Thoughts of a remortgage are no longer the last thoughts for a home owner. Many home owners are proving how valuable a remortgage can be and taking advantage of this unique point in time.

Access to equity is more than just a possibility for home owners to pay off old debt. Due to rising inflation, cash comes in quite handy when looking to pay for car repairs, medical bills, and other similar expenses.