On Halloween everything is scary, it’s fun, a playful scary. Yet there is nothing fun about being scared when it comes to one’s mortgage repayments, especially if those repayments are tied to a lender’s standard variable rate (SVR). A SVR loan, which occurs when a current mortgage deal ends and the homeowner does not seek out new financing, is a risky situation. This is because the for-profit lenders could at any time decide to increase the SVR and make the homeowner face paying at a higher interest rate or scrambling to find a remortgage.

Currently there are very attractive and historically low interest rates available from lenders on remortgage deals. Some even have incentives tied to them to make them even more of a temptation. Many homeowners are finding that not only are cheap interest rates within reach, but so are long term fixed rates to protect them from rising interest rates in the coming years.

There is also good news to be found in the fact that lenders are still in a slightly competitive mode and have not tightened up lending.

For those homeowners seeking to take some of the work and the stress out of getting a remortgage, using the services of a remortgage broker could be helpful. Remortgage brokers work with the homeowner, dealing with a variety of lenders in the search for the best deal for the unique needs of the homeowner. Usually they are privy to deals from lenders that are not offered directly to consumers, so it could pay off to inquire into their assistance.

The fears are fun with Halloween, but when the sweets are all eaten and the focus centers on the coming Holidays, days will fly by fast and before you know it, the time will have come to turn the calendar to 2017. To make it a less stressful, less fearful, and claim a low interest rate, it could be time to start seeking a remortgage soon, because lenders are handing out nothing but sweet treats this spooky season to homeowners looking for a new deal.