Homeowners have been showing high demand for remortgaging. Perhaps there is no better time to take action and get peace of mind than the weeks leading up to the Brexit deadline on 31 October. Yet, not every homeowner can easily secure a new deal and many have complicated situations that require special attention. It is in these situations where a remortgage broker could be the solution to the problems many homeowners encounter.

Remortgage brokers work as a conduit between many lenders and the homeowner versus just a homeowner working with one lender. Not only does the broker have access to many lenders, they also very often have access to remortgage deals that are not offered by lenders directly to the public. They will also have experience working with many lenders and therefore will have knowledge as to which lenders might be willing to work with a complicated situation such as a homeowner that is self-employed.

There are a large number of homeowners that are due to have their current mortgage terms end in October. If they do not remortgage, they will be moved to their lenders standard variable rate (SVR). Experts have warned that the interest rate level of many SVRs are double or more the interest rate level that many homeowners are used to paying.

No matter if a homeowner has already ended their mortgage term or the deadline is soon, shopping around for a remortgage can offer the information as to how much of a savings could be found. For those with complicated remortgage situations, sitting on the fence doesn’t have to happen and action could be taken by contacting a remortgage broker for help.