Remortgages could help those that need a boost in cash to get through the recovery efforts of the UK economy.  Unemployment levels have been a bleak part of the economic problems with the new figures due expected to show that there was a rise in unemployment last month pushing upward the 2.6 million figure from November.  John Philpott, chief economic advisor of the Chartered Institute of Personnel and Development has warned that unemployment will not drop beneath 2.5 million until 2016.  He further forecasts that the peak will be around 2.9 million next year.  Making sure that a household is ready for the coming year’s tight budget struggles is important and a remortgage could be helpful to some homeowners.

The Federation of Businesses (FSB) surveyed their 1,200 members and found that 1 in 13 plans to lay off employees in the near future.  FSB chairman John Walker remarked on the unemployment levels saying, "The beginning of 2012 is beginning to look bleak, with confidence incredibly low and businesses looking to shed staff. However, things do not need to be so negative. If the Government makes the right choices and puts action into words we can turn this around.

"Tinkering and increasing existing employment laws will only serve to worsen this situation, but by putting simple measures in place, such as excluding micro firms from the right to request flexible working for all, will help free businesses from the shackle of red tape so they can grow, innovate and take on new staff."

Remortgages can be a place to turn when finances are due to get tough over the coming months.  Equity released as cash can help out the family budget.  However, remortgages can put a property at risk if the homeowner cannot make their mortgage payments.  Remortgages can also secure lower interest rates and save on the monthly costs of repayments.  For the right situations remortgages can assist homeowners facing a hard financial year ahead.