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Fixed Rate Remortgage Now could Provide Calmer Waters Ahead

Fixed Rate Remortgage Now could Provide Calmer Waters Ahead

Brexit woes within the UK housing market is causing many to shut down their decision making process at this time and just wait to see what happens. At a time when the entire country is waiting to respond to the Brexit outcome which is in the coming weeks, those on the fence within the housing market could be missing out on what many experts view as one of the best times ever to consider remortgage.

A fixed rate remortgage is favourable at this time for many reasons, but a few of the reasons in particular stand out more than others.

First, low interest rates are just that, low. Interest rates have more of an impact on mortgage lending than any other factor, especially now. Rates remain historically low. Lenders are also making it quite clear they are interested in helping those who want to borrow now despite stricter lending criteria one might encounter speaking to a bank of lending institution. Everyone must be careful, and that includes lenders. But, housing experts are urging those who are in the market to consider remortgage and simply go for it.

There is much to gain by securing a fixed rate remortgage at this precarious time. Going forward with a fixed rate remortgage is much more financially stable than moving ahead without it.

Secondly, there is also much to benefit from by remortgaging before the uncertainty of Brexit is played out. No one knows what tomorrow brings, especially right now. For those with fixed rate mortgage loans, the future is much calmer and less stressful. A large percentage of outgoings are certain and unable to cause massive swings in the household budget month to month.

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