Interest rates are at an all-time low. Not only has the Bank of England’s Monetary Policy Committee (MPC) lowered the standard base interest rate to the lowest in over 300 years of the Bank’s existence, but lenders, too, have interest rates attached to remortgages and mortgages that are their institution’s historical low.

While according to reports, the majority of homeowners seeking a remortgage are doing so because their current mortgage deal is coming to an end, there are some that could benefit long before their deadline occurs. While there could be fees associated with ending a mortgage deal early for a remortgage, the opportunity to save money, secure a fixed rate and possibly for a longer term are too attractive to pass on.

Lenders are still quite competitive and willing to work with borrowers as lending remains relaxed, but for complicated remortgages or for those looking to bypass much of the stress and leg work, a remortgage broker is helpful.

The end of the year is expected to close out with interest rates remaining cheap, but lending could begin to tighten up toward the end of December and especially in the first part of 2017. Much of what will develop is dependent on the Brexit situation and confidence in the UK economy. Lenders, too, are expected to become more cautious along with consumers.

Meanwhile, lending is relaxed, interest rates are low, and remortgages are very attractive. For homeowners that have moved over to the lender’s standard variable rate (SVR), those that have their current mortgage deal coming to the end, and even those that are sitting in the middle of their mortgage deal could benefit from the current remortgage opportunities.