Remortgage Perfect Option Currently for any UK Home Owner
Home owners across the country have been possibly sitting on the fence since the historic Brexit vote. There has been a great amount of concern with the direction the housing market will take next. Some experts believe recovery of house price growth will begin next year and grow steadily for the next three years. Others think it could take until the second quarter of next year for growth to resume. One thing from experts is certain. The time for remortgage is now.
A home is typically the biggest purchase anyone makes through a lifetime. This home comes with a mortgage loan which has a set time to expire. At the time of expiration, home owners are faced with a decision. This decision is often met with a great deal of stress. Now, due to low interest rates and a heavy amount of lender competition, a remortgage has reached an entirely new level of appeal.
A remortgage makes it possible to save massive amounts of pounds off the current cost of a monthly mortgage payment. This has been a proven fact now for many months and even more so since the base interest rate was cut to the record low rate of 0.25%.
A remortgage also gives home owners the opportunity to access home equity which is stored in the home since the time payments started being made.
Experts are seeing the current time for what it really is – the perfect time to remortgage. Interest rates are low and lenders are making attractive deals available each and every day.