Remortgage as a mortgage lending tool has gained great popularity in the past few years and it could be potentially at its most popular point right now, according to data released this year. The year 2017 has been one in which many home owners have committed to remortgage with excellent results. They are saving money, easing the burden and stress of creatively trying to find ways to save money. Inflation and wage stagnation has placed stress on many households, and remortgage has been a sanctuary for many who are struggling to find answers to tough problems.

Although the term remortgage has dominated the headlines for much of the year, a surprising number of households do not plan to remortgage in the next twelve months.

A recent Moneywise survey found only 14% of roughly 50,000 participants in the survey is planning on remortgaging in the coming year. The remainder is unsure about what they will do when their current SVR deal runs its course to end of term.

Interest rates are currently sitting at historic lows and the holiday will likely not last forever according to many close to the UK housing market. For those thinking about remortgage, the time is now and might be at its most attractive point in time.

Uncertainty of what will happen next in the housing market has created an indecisive climate on all levels. But, with interest rates at their all-time low and lenders eager to please, housing experts believe this could be a perfect time to remortgage and start potentially saving big money each month.