The New Year is upon us and while we are all looking forward to one that is happy and prosperous, we can’t leave it up to fate. Seeking out opportunities where available is the way to assure that things bend to our favor for a financially sound year. By saving money, padding your budget, or paying down debt you can lower stress due to financial worries and start choosing memorable life experiences.

Experts are encouraging those that are homeowners to look toward how a remortgage could offer benefits. Without looking into the savings available with a remortgage, a homeowner would go unaware as to if they are paying more for their mortgage than they have to pay. Finding a savings with a lower interest rate might offer a savings of hundreds or thousands of pounds.

In the start of 2017, few would have expected it would be the year that would see the Bank of England’s Monetary Policy Committee (MPC) increase the standard base interest rate. With Brexit on the tongue of every expert, there seemed little possibility that the economy would be steady enough to see a rate hike. Yet, it happened. The MPC doubled the rate from 0.25% to 0.50%.

Now experts offer up warnings that increases will be the norm versus declining and historically low rates. Homeowners can protect themselves from future interest rate hikes by getting a fixed rate. The longer the term then the longer the security net from future rate increases which means mounting savings that would have spent out from one’s household budget.

There are many goals and resolutions to be made for 2018, but one that should be a priority for homeowners is to shop around and see if a remortgage might be beneficial. For some, this action could make not only 2018 better, but future years as well.