The winter months are upon us. Wind is whipping and seas are churning. These are months we spend inside and dream of spring weather with blooming flowers and bright skies. These days we also spend most of our time inside where all the financial papers and missions and goals are written down for the New Year. It is time now to start preparing for the months we spend on the other side of the door, outside. It is time now to consider a remortgage so we can enjoy those months outside even more.

Interest rates remain at historically low levels. The standard base rate went through an increase in the beginning of November last year. It increased the rate from 0.25% to 0.5%. Although this doubled the base rate, it did not make it high relative to rates we have seen in the past. Housing experts feel strongly about remortgage due to continued low interest rates.

Next, lender competition is at an all-time high. Banks and other lending institutions are making remortgage extremely affordable by offering low administration costs tied to mortgage deals featuring low interest rates. Lenders are in a race which started the first day of the New Year. This race is to obtain as many new clients as they can by offering them the best deals. Remortgage deals are in high number currently and experts see this time as a great time to scoop one up.

Home owners are now able to pick up some extra cash through remortgage by tapping into the home equity which is accessible in remortgage. The process is fast and can be done online. Housing specialists see this market as quite borrower friendly and will continue until talk of interest rates rising picks up once more.