Now could be the Perfect Time to Apply for Remortgage
The first half of the year is now history and home owners are faced with the next month on the calendar being August. This could place added stress on many owners who are already feeling burdened about home maintenance, rising petrol costs, wage growth, house price growth, and other issues which infiltrate everyday life. There is another issue which many could be thinking about and that is the possibility of an interest rate hike coming in the first weeks of next month. That is when the Bank of England will once again convene for the monthly meeting of the Monetary Policy Committee.
The Bank of England has hinted at the possibility of an interest rate hike coming next month. News of this possibly going down is potentially stressful, but could be viewed another way as well. Now is the time to take advantage of what this means and potentially alter the path of the current household financial situation.
Experts are remaining resolute about the potential to save money with a remortgage and this could be the best time to go forward with an application. It can be done entirely online in the comfort of your own home. Remortgaging now could lead to monthly savings and access to valuable cash in the process.
Home owners are now facing a timeline which could lead to higher interest rates within six weeks. Time will pass quickly and lenders are only able to process so many applications each week. It could be the perfect time to apply for a remortgage in the eyes of many housing experts.