Homeowners expecting to remortgage will likely have noticed that interest rates are increasing.  Lenders are pulling their cheapest remortgage deals and are replacing them with slightly higher rates.  Yet homeowners do not need to fear the rising interest rates as it would be thought that they should do.  Instead there is an optimistic outlook to the situation of rising interest rates on remortgages.

As interest rates have increased there have been fewer homeowners willing to come and take a new deal on their mortgage debt.  The lack of demand has pushed lenders to look for ways to attract new customers away from their present lender.  The competitive nature of lending has led to better deals on remortgages despite the rising interest rates. 

The interest rates may have increased but many lenders have at the same time lowered their fees and some are offering no fee at all with a new remortgage.  There are also offerings of free legal work, free valuations and cash back in some instances.  These free offerings if considering the usual cost can offer a thought of relief to the rising interest rates that a homeowner may find when searching for a remortgage.

For those that do not have the time or the insight as how to find these types of remortgages it would be helpful to seek out a remortgage broker.  They will know which lenders are offering special incentives and there are lenders that offer special remortgages only to customers of brokers.  For those that seek to go it alone and shop around they should stay patient and consider of course the entire remortgage deal with the incentives and not just the interest rate alone.