Where there is demand it makes sense to increase supply to get attention from consumers and in the case of remortgage demand lenders are offering a supply of deals for consideration of homeowners. The demand on remortgages has increased in the last few months. This increase has been due to the warnings of possible interest rate increases in the remainder of the year.

Homeowners have looked to remortgage and lower the risk involved in facing a rising interest rate. Lenders have been happy to offer up a deal and seek customers wanting to make a deal. Unfortunately many may be unaware that their great interest rate has given them less of a deal than they thought due to arrangement fees.

It is easy for a homeowner to have their eye trained on the interest rate of a remortgage deal. Yet, the rate is not the only thing that should offer up strong consideration when looking for a deal. There are fees involved in remortgaging that could strip out any savings found through a better rate deal than a current mortgage. So homeowners should be aware of all costs involved as well as the rate when looking at a remortgage.

Asking the lender to inform you of all costs involved in the remortgage is an obvious request. You can go farther and ask the lender to assist you in determining how long the savings you have incurred with the current rate will be paying toward the remortgaging fees involved. It many cases it will cost you more to remortgage with one deal versus another. This could especially be the case with a fixed rate deal which is the most sought out remortgage of late. Lenders are aware of the demand and are tacking on higher arrangement fees. Since a fixed rate remortgage lowers risk, you should give value to the "safety" factor of your remortgage.

Melanie Bien, director of independent mortgage broker Private Finance, remarked: "Borrowers who are focused solely on rate and getting the cheapest one they can, ignore fees at their peril as lenders are ramping these up on the back of rising demand for new mortgage deals."