Autumn is upon us and with that are several thousand household mortgages which are set to mature. Many SVR types will complete their run as a one, two, or maybe even three year mortgage. The time has come to decide upon another variable product or switch to a potentially big money saving fixed remortgage product. Experts are predicting massive numbers of households transitioning to a remortgage for several reasons.

This September and October mark a significant time in the maturity period of thousands of mortgages. Families are currently taking time out to decide which type of product will best suit their financial needs for both the short term and longer term. For households looking to potentially save a lot of cash each month, remortgage is an option being pushed by many housing experts.

Lenders remain aggressive with offers of remortgage which feature not only low interest rates, but low closing rates, as well as affordable administration fees. Households could potentially walk away with a remortgage deal which saves them hundreds of pounds per month.

Autumn can be a time of multiple distractions and busy family schedules. It is often a time when something like a mortgage maturing does not get the attention it deserves. This time is quite crucial and can make a major difference in the family budget for months to come.

Housing professionals are urging those with maturing mortgage terms to slow down, take inventory of what type of deal will be best, and act only when all deals have been reviewed. This autumn could be a period of huge positive change for those choosing to remortgage.