Homeowners with maturing mortgage loan products are very much in the driver seat across the board right now as a number of lenders are offering a number of attractive deals. Property experts are pushing those who are in the position to remortgage to do so before the best times pass them by. Not only are lenders offering remortgage deals with low interest rates, they are also sweetening the deals with low admin fees as well.

Lenders see this as a last great push before interest rates are potentially hiked early next year. There has been talk regarding this taking place for weeks now and it is possible based on news coming out of the Bank of England.

There are thousands of mortgage holders who will see their loans mature in the coming weeks and that has also lit a fire under the soles of lenders looking to increase their client base.

Some lenders are going to special lengths to make sure they are considered above others. They are doing things like offering rebates of £1,000 or taking the cost of admin fees down to zero. All these incentives add up to huge advantages for homeowners outside the normal benefits which naturally come with a remortgage.

Normal benefits of a remortgage can include lowering the interest rate and therefore lowering the amount of the monthly mortgage payment. Another benefit is gaining access to valuable home equity which is locked in the home. This cash release can be used for renovating the home, paying off old school debt, or paying for a much-needed holiday.

Housing experts are currently seeing the golden days of remortgage take place right before their eyes. These days will not last forever and predicting the exact time of an interest rate hike is just not possible.