When the calendar flipped and July was ushered in, more than warmer weather and summer sunshine was ushered in, with it is the knowledge that the last half of 2019 has begun. The days are passing by and we are drawing nearer to the second Brexit deadline and the shadow of uncertainty that covered the UK economy in the beginning of the year. There are warnings of higher interest rates to come, and possibly a tightening of lending.

Remortgaging is still a good idea, especially with the warnings of higher rates being a possible reality by the end of the year.

Homeowners coming off the end of their mortgage deal will find that without a remortgage and being moved to their lender’s standard variable rate (SVR) could have them paying on an interest rate that is double or more what they were used to paying. SVRs are not as cheap as they once were, and are risky due to the quick change that can be put on a homeowner should rates rise.

Luckily, there are remortgages to be found that can offer shelter from the higher rates being tied to SVRs. Not only are there great products available with incentives in some cases, but attractive low interest rates.

For most homeowners, according to reports, fixed rate remortgages with a five year term are the most popular.

As the end of the year ticks off the calendar, shopping for a remortgage might need to be made a priority. Gathering information will offer quick information as to the savings possible. After all, no one should be paying more than necessary, especially with the continued uncertainty of Brexit.