Attention homeowners, you could save a substantial amount of money with a remortgage. That message has been pushed out for months and it is surprising how many people are not taking it to heart. No one wants to pay more than they have to pay on their home mortgage repayments, and they might not have to if they shop around for a remortgage deal.

There are very attractive remortgage products available to homeowners and since fixed rate remortgages are the most popular, lenders are becoming more and more creative in their offerings. Some are connected to very low interest rates while there are some connected to longer terms than seen in years.

For those homeowners that have already had their current mortgage term end, they have been moved to their lender’s standard variable rate (SVR). SVRs are often risky for the average homeowner as the interest rate can fluctuate as the lender sees fit and with little warning for the borrower. SVRs are often tied to higher interest rates when compared to the low interest rates found in a remortgage. In fact, some SVRs are attached to interest rate levels double or higher than what a homeowner is used to paying on their current mortgage deal.

It is simple to discover how much of a savings could be found with a remortgage by shopping online. Most remortgage lenders and remortgage brokers have quick quotes available. After a few questions are answered, the website visitor is offered possible remortgage offers and the savings available.

Experts believe that a record number of homeowners are due to have their mortgage deal end in the same month as the Brexit deadline of 31 October. Shopping online early could put a homeowner ahead of the rush and savings into their household budget.