Still Time for Homeowners to Holiday Gift Themselves a Remortgage
A remortgage before the end of the year could be the holiday gift homeowners will cherish for years. With interest rates at historic lows from lenders, the opportunity for savings is abundant. Not only are savings a possibility, but so are long term fixed rates, allowing for low interest rate repayments for years to come.
Homeowners stuck in their current mortgage deal with some time still left before it ends should still consider current opportunities associated with a remortgage. Even with paid fees to end a deal early and make a switch to a new deal, long term savings could be possible.
Throughout the end of the year low interest rate deals are expected to remain from lenders, but cautious practices may develop at the start of the new year and lenders could begin to pull their cheapest deals and/or tighten their lending.
The holidays are upon us already, and not only would a remortgage be a spectacular gift for any homeowner’s budget, it could allow for a more stress free giving holiday. Some homeowners are finding that not only is there an opportunity to secure a low interest fixed rate deal, but they can release equity value into cash. This allows for the homeowner to do what they wish with the cash whether that is debt consolidation, paid for holiday travel, reinvesting and fixing up a part of the home, or spending on the holidays.
Remortgaging and the holiday go hand in hand and there is still time for homeowners to shop around and secure their own savings opportunity.