In a trend that surprised many experts, homeowners began to move home during a pandemic. Lockdowns and restricted socializing due to the coronavirus caused individuals and families to take a hard look at where they were spending the majority of their time. It appeared, due to polls and studies, that what had been sufficient did not fill the new needs required of their home dwelling. Some needed a space for children to study and play, those working from home needed an area to organize, work, and meet online in private. Some yearned for a bigger kitchen area, a space to enjoy online streaming entertainment or family games, area for fitness, and a private and safe place to enjoy the outdoors.

There were also some that chose to combine their extended family into one space. Rather than let someone from the family quarantine alone, they brought them into their homes to be together.

For some, needing a home that could check off all the required wish list items for their pandemic lifestyle and beyond, it meant moving. 

Many homeowners that chose to stay put took advantage of an opportunity to remortgage and cash out their built up equity. 

Remortgages are attached to very low interest rates and savings could be substantial. By turning their built up equity into cash, it offered homeowners the ability to upgrade their home. Most upgrades and redesigns in turn were an investment into the home and increased its value. Remortgages could offer savings and a path to revitalizing the home to fit new needs.

Some homeowners may have been unaware of the opportunity, and that could have caused them to give up a home at a location they had grown fond of and found comforting during the pandemic in search of what they could have created right where they were.

Homeowners pondering moving home are encouraged to think through the ability to invest in where they are and make their current home their dream home. A remortgage could save them money and put more into their household budget to ease their financial stresses and at the same time offer them the money in hand to make the most of where they are and create the best home for their needs rather than shopping for one that is better but still not right.

Those interested will find numerous equity cash release remortgages available on the lending market. Shopping online with remortgage lenders and brokers will provide the possible deals that best fit their needs.