Summer has come and gone and now any plans of home renovation could be over as colder weather will quickly be rolling in. Those home renovations do not need to be totally shelved however, and might still be able to be tended to before winter gets too settled. One way to finance a home renovation could be to obtain a remortgage and turn equity into cash. Many lenders are still not only offering deals with low interest rates, but also offering deals with cash back incentives. Many home experts are suggesting those who have not remortgaged to do some market analysis as soon as possible.

The property lending market took quite another shot early last month as the Bank of England voted to raise the standard base rate which will ultimately increase interest rates on all variable and tracker mortgage loans if they have not already done so. This was widely forecasted, but the sting is still being felt across the country.

Although the base rate was increased from 0.5% to the current rate of 0.75%, many housing experts are still urging home owners to do some market analysis and discover what types of deals are available. Many lenders are making it quite attractive to apply for a remortgage even after the latest increase in interest rates.

Summer has come to a close, but it is still possible to potentially obtain a favourable remortgage deal that not only offers homeowners cash back, but also provides an avenue to make some renovations possible before the chill of winter hits hard. Checking with lenders takes little time and can be done entirely online.