Homeowners are being encouraged to shop for a remortgage. Not just those homeowners that are close to having their current mortgage deal end. Even those that might face a fee for ending a mortgage deal early, and those that passed on a remortgage when their mortgage deal ended and were moved to their lender’s standard variable rate (SVR) are encouraged to shop. With the Bank of England’s standard base rate at an all-time historical low, lenders have attractive deals waiting to be discovered.

A savings could be helpful to most households during the global pandemic that is showing no signs of ending anytime soon. It is possible that a homeowner could not only find savings through remortgaging, but substantial savings that could truly make a difference.

In shopping for a remortgage, it is helpful to start with spending a bit of time online. Remortgage brokers and remortgage lenders will often have the ability on their website to get a quick quote of possible remortgage deals. After a few questions answered, the homeowner will have information which they can use secure a remortgage and savings. 

There is also the possibility of getting a low interest rate remortgage with a fixed rate to secure the low rate for the years ahead. 

In seeking a remortgage, it is also encouraged that one push aside loyalty to their current mortgage lender. Only when opening up a wide variety of choices from brokers and lenders will a homeowner truly have discovered the best remortgage deal for their needs from among the many on the lending market now.