Many UK housing market sectors have been under great scrutiny since the historic Brexit vote in June. Experts close to the housing market have forecasted and estimated about everything from new construction starts to remortgage activity level. Consumer confidence level has increased steadily in recent weeks and that has added more focus on sectors such as the remortgage sector.

The remortgage sector is currently on fire. This is occurring for one main reason – interest rates. Many lenders have taken the recent cut to the base interest rate to heart and passed along much of the savings to current mortgage lending clients and new clients like those securing a new mortgage product in the form of a remortgage.

A remortgage is a financial tool which still tends to hang out in the background and not grab any mainstream attention as a product to take advantage of. Home owners are however starting to take notice of many living around them who are benefitting from a remortgage. For many, it is making it possible to save hundreds off the cost of their current mortgage expense.

Housing experts are now urging those who qualify to take advantage of the current interest rates and remortgage. Competition remains keen within the lending community and many lenders are offering attractive deals with ultra-low interest rates and matching low administration fees.

As the year comes to a close, holidays occupy many schedules and can be utter distraction from what needs to be taken care of. Obtaining a remortgage can be life changing for many house owners looking for an option when their current mortgage ends. It is now such a streamlined process that it can be completed in days and not weeks.