There might be a change in the next few months besides having to write 2017 instead of 2016. The bringing in of a new year has the possibility of also bringing with it higher interest rate remortgages from lenders. The Bank of England may not make a change to the current standard base interest rate, but lenders could and possibly will pull their cheapest rates.

With the uncertainty in the economy, caution may take hold in the lending market. If that occurs, then lenders will tighten up their lending policies and likely remove the most attractive deals from the table.

Currently there are remortgage deals that are historically low, not only in general, but historically low for the lender’s history. Lenders are so keen to get the attention of borrowers before the end of the year that they are also offering incentives such as no fees, free valuations, and free legal work. The incentives are meant to be so alluring that homeowners can’t avert their eyes from the opportunities available.

Homeowners should indeed take a hard look at the remortgage offers, because securing a savings and even a long term fixed rate with the new deal could offer a safety net for years to come in the face of uncertainty in the economy in the first half of 2017.

Borrowers should keep in mind to take a look beyond the low interest rate of a remortgage to see the full potential of a deal. Homeowners should take into account any fees to counter against any savings of a lower interest rate. There are also situations where a homeowner would forego a savings in favor of other benefits such as a locked in long term low interest fixed rate.

The fact remains that cheap remortgages are turning up from lender’s in the final part of the year, but that doesn’t mean they will be around when the new year settles in, so if a new deal would be helpful, then now could be the best time to take a look at what benefits a new remortgage could bring for the new year.