Those looking to make a move in the right financial direction, don’t delay. Competition among lenders is creating an enviable environment for anyone looking to apply for an original loan or remortgage. Houses are attainable with programmes designed to help those who are searching for a house but are just a bit short on a down payment. Remortgage deals are also available in large supply for those who are looking for a lower monthly mortgage payment and some possible cash for expenses.

Interest rates are sitting at lower than low levels and many are taking advantage of deals which can be found at seemingly every turn. Remortgage deals are especially in abundance. In short, opportunities are to be found everywhere.

Andrew Montlake of broker Coreco, commented on current market conditions, saying: “We are experiencing an extraordinary time in the mortgage market where competition amongst lenders and the low cost of funds has led to some of the cheapest products ever seen.”

Montlake added: “For borrowers currently sitting on their lender’s standard variable rate or coming to the end of their current product, it makes sense to review their options sooner rather than later.”

David Hollingworth, with London & Country backed up the sentiments of Montlake, saying: “With interest rates at a record low it makes sense to review on a regular basis. Hardly a day passes without a new best buy deal hitting the market.”

Interest rates are expected to remain low for a short amount of time due to the rise in demand, which is quickly taking place.