We all function on clocks and a certain element of time. We all have to pay bills by the end of the month. We all have to wake up at a particular time in order to reach work when we need to. We all typically eat meals at the same time each day. And we all must watch for the best times in life to pick up a remortgage if we are in the market for it. The clock on finding the best remortgage could be winding down.

Our first house purchase with a mortgage deal is many times with a promotional deal. Lenders offer deals with lower interest rates and shorter termination periods in order to keep our repayment amounts at a level which is affordable. After this period of promotion terminates, we have a decision to make. We either transition into the lender Standard Variable Rate mortgage or we remortgage.

Before interest rates were hiked back in the beginning of November, many house owners chose to remortgage and begin saving money each month immediately. Actually, thousands chose to remortgage at that time which was a 13% increase over the same month in the previous year. Now, conditions are still quite favourable according to housing experts. House owners are still finding attractive deals which are saving them £100 per month on average.

Swap rates, which are rates at which lenders borrow from other lenders, started going up in December. This resulted in many lenders pulling their best deals off the table.

Remortgage experts believe the time to remortgage is still now, before the interest rates are hiked or swap rates are increased even more. House owners can see immediate results from applying for and obtaining a remortgage which takes little time and can be done online.