Timing is always a major consideration when thinking of anything within the housing market and remortgage is no different. Families are constantly forced to make decisions about what to do within the constraints of a family budget. The question facing many households at the current time is whether now is the best time to possibly move home or look at remortgage in order to battle higher costs of living. Experts close to the housing market see now as an almost perfect time to remortgage.

Moving home is sometimes the only answer to facing tough financial problems. Selling a property carries with it the possibility of immediate relief, if only for a short time. The dilemma of acquiring another property requires a down payment, money to cover transaction expenses, and the cost of moving itself which is not inexpensive.

An option to moving home whilst offering immediate relief is a remortgage. Not thought of as a solution in the past, remortgage is now being looked at as possibly a powerful tool in the mortgage lending arena. It is a tool which now requires less time to apply for, and ultimately less time to discover approval.

Families looking for immediate relief to financial toil could find relief with moving home. The same families could also find relief plus access to valuable home equity with a remortgage of the home they are currently living in. Experts see this time as almost a perfect storm of conditions with low interest rates, lender competition, and increasing cost of living expenses.