Homeowners wake up and look around you, now is not the time to be sleeping at the helm. If your household budget could use a boost in the right direction, then perhaps it is time to remortgage. There have in no other times like this been such opportunities for homeowners to not only get a reduction in their repayments, but other unique benefits as well with a new mortgage deal.

Lending in the remortgage sector has remained eased and homeowners once shut out of a new deal are now finding they, too, can qualify for one of the cheap deals on the market.

Interest rates being offered are of the level that is historic for the lender in general, if not overall as well.

Experts agree that this could be the right time for looking into a long term fixed rate to assure years of savings even in the face of rising interest rates that could come sooner than later. Much of when interest rates will rise will depend on the UK economy which is uncertain in the wake of the Brexit vote and political pushes.

Recently, Nationwide has announced they are opening up the ability for more homeowners to remortgage and increasing the opportunities available for others by upping their maximum LTV for remortgaging customers. The maximum LTV will rise from 85% to 90%. Their current two year 90% LTV remortgage will start at 2.39% with a £999 fee and 2.79% with no fee. There are of course three year and five year products that are just as attractive.

Remortgage lenders are making their deals even more exciting for homeowners, offering incentives such as free valuations and legal work. Other lenders have great opportunities for long term fixed rates as well as equity cash release deals. Experts agree that considering a remortgage broker might be helpful as they have access to a wide range of lender deals not offered directly to consumers.

Homeowners at the end of their mortgage deal, those nearing the end, those that have already had their deal end and have moved to their lender’s standard variable rate (SVR) and even those in the middle of current deals could benefit by taking a hard look at the remortgage opportunities now available.