Rushing out to get a new remortgage as quickly as possible could prove to be the wrong decision.  It is true that there are many reasons currently for homeowners to be in search of a new remortgage.  Lenders are increasing their standard variable rates, they are cutting their loan to value levels, and they are making it harder to remortgage as lending tightens.  Despite the many reasons to go out and get a remortgage, doing so in a rush could be the wrong choice.

Homeowners should give themselves plenty of time to shop around.  Looking for a remortgage deal from the current lender and then one other lender is not shopping around.  It is going to take looking into several lenders and possibly abandoning loyalty to the current lender to find the best deal.  Homeowners need to face their current lender on the same level as others and choose from the best offers.  However, if the homeowner is going to be facing a difficult remortgage it might be well to stick with the lender that has the current mortgage. 

Looking into a remortgage broker can be helpful when looking to get a remortgage deal.  They have daily experience working with a variety of lenders and will know where the best deals exist.  They can often offer deals that cannot be found anywhere other than with a remortgage broker.  Here again a homeowner will need to be patient and seek out the remortgage broker they connect with best and one that is fully cleared by the FSA to offer advice and services to homeowners seeking a remortgage.

While there are many reasons to remortgage currently rather than waiting around, homeowners should take a patient approach and be assured they are making smart decisions along the way.