Homeowners that have been sitting on the fence, waiting to see if a remortgage could be helpful, have only to look at the lending market to get an answer. Lenders are releasing perhaps the last of the really great remortgage deals because it’s quite a stretch to consider how much better they could actually get. Long terms, fixed historic level low rates, and even incentives added to sweeten the deal.

The housing market has outlasted the dooms day forecasters by being stable and strong even as the London market cooled. Now, in the latest report on the housing market in England and Wales a new high has been reported with an average house price of £303,200 for May. The report was released by Your Move, and revealed a month on month increase in the average house price of 0.3%, and a year on year increase of 4.8%.

Homeowners are surely feeling confident in their equity levels, the continued strength of the housing market as supply is short and keeping prices up, as well as delighted in the low interest rates offered by remortgage lenders. They should be, as perhaps there has been no greater time to consider a financial safety net against the uncertainty of the future with a remortgage deal to replace an old, expired, or soon to expire “current mortgage”.

With savings possible, long terms available, and lenders opening their arms to customers, it is the time to shop around for a remortgage. Online shopping for a quick quote can give a homeowner a vision into the possible deduction of mortgage debt and monthly repayment reductions. There are other homeowners that may be interested in a cash equity withdraw with a remortgage and the money can be used to do renovations, additions to the home, debt consolidation, or even to pay for a family holiday as the money can be used any way the homeowners wants to use the money.

Remortgaging is definitely a consideration for all UK homeowners with all the opportunities available and deals offered.