Amid warnings and cautions of activity for first time buyers and anyone else in the middle of a major decision to purchase or sell a house lies a sea of calm for those seeking to improve their outgoings. A remortgage is still being given the green light for those house owners who are in the position to obtain a new mortgage lending deal and put many worries to rest. Although house prices moved north slightly during the month of January, many experts claim the momentum will likely not last long. This could be the perfect time to consider a remortgage.

Brexit, house supply shortage, and vast uncertainty about what will happen next for the housing market are issues currently plaguing every house owner. Inflation is also a concern, especially with the lack of improving wages across the board. In short, it is challenging today to own a home and feel optimistic about tomorrow.

Remortgage has the ability to change many feelings of financial stress immediately. The market has been through many changes last year, some good, some bad. There are currently no methods available to go back in time and remortgage the house before interest rates rise in November of last year. There is however, a new mindset to embrace and move forward.

The standard base rate was only increased 0.25%. Although it was hiked from 0.25% to 0.5%, it remains at an historically low level. This is encouraging for any house owner looking to improve their current financial state and feels like they missed out by not remortgaging before the first week of November.

Experts urge those who have not remortgaged to consider it. There is a possibility it could impact house owners starting tomorrow. The green light is still shining brightly.