UK house owners continue to make remortgage a priority. Over the course of the last few months the sector within the UK housing market has been on fire and for obvious reasons. But something beyond that is happening which is surprising even the most veteran experts in the industry. Remortgages are outpacing purchasers every month in a trend which has done a 180 degree flip since the beginning of the year.

The Complex Buy to Let Index recently released figures regarding remortgage and other housing market related statistics. These figures indicated remortgage has no intention of slowing down as the busy summer selling season comes to a close.

During the third quarter of the year, remortgages outpaced purchases in every way. This trend is based on a couple main factors. Interest rates are extremely low and every home owner looking to save money on the monthly mortgage payment is typically able to do so currently. Some home owners are even saving up to £500 off the cost of the mortgage payment each month. That equates to £6000 per year.

Home owners are now being able to complete financial endeavours which were once only scratches on paper. Debt can be paid off, home renovations started or completed, and a massive holiday can now be planned for the upcoming year.

Remortgage as a home mortgage finance tool has become wildly popular in the last few years, especially with a cut to the base interest rate. The process has been streamlined and can now be completed entirely online with privacy and urgency.