The remortgage lending market is expected to be strong throughout the rest of the year, but perhaps more so in October. Homeowners due to have their current mortgage deal end in October amounts to a very high number. Lenders, therefore, are seeking to attract that large wave of borrowers coming onto the market. This competitive lending market is good for all homeowners, those that will soon have their current mortgage deal end, those that had their deals end and were moved to their lender’s standard variable rate (SVR), and even those that are a bit off of their mortgage term ending.

Those homeowners that are not yet facing the end of their current mortgage term ending could still shop for a remortgage. Paying a fee to end a deal early could be an option for some if the saving discovered is good enough to make the overall remortgage deal a savings opportunity. It could be a smart strategy to shop early and be ready to take action when possible and secure the best remortgage offer.

To save time and perhaps a bit of stress, a homeowner could choose to work with a remortgage broker. Brokers are different from a direct lender in that they work with many lenders which offer the homeowner a choice of remortgages from various lenders versus just the one.

Brokers, because they work with many different lenders, are privy to which lenders are willing to work with homeowners that have complicated remortgage needs or perhaps a less than stellar credit rating.

Brokers could also have access to remortgage deals that are not offered to the direct public from lenders.

Their experience of working with many lenders and many homeowners could be helpful to those choosing to have a remortgage broker go to work for them in finding the best remortgage deal and the greatest savings available.