The final days of summer are clicking off the calendar and soon we will be in the days of autumn, the season of change. Such an event could trigger a reminder to homeowners that change is coming in interest rates, in remortgage products, and in the economy itself which could tighten lending. During the transition of seasons it could be a great opportunity to transition to a new mortgage deal.

The opportunity to remortgage to a lower interest rate, or a longer term, or fixed term, or all of those together is a real possibility for homeowners. This opportunity is available to those about to be at the end of their current mortgage deal, those that have had theirs end and have been moved to their lender’s standard variable rate (SVR), and even those in the middle of their current deal. Even paying a fee to switch or end a deal early could be worth the benefits of a better deal than the current one.

Lenders have been competitive for customers and the remortgage products offered have been very attractive, but there are changes on the horizon and many experts believe the number of mortgage products available will lessen, lending will likely tighten, and interest rates will soon begin to rise and the historic low interest rates that have become the norm will be no more. Considering a remortgage is more than just a good idea, it could sustain a family’s future financial situation and budget.

Homeowners should take the hint from nature and let it move them to switch with a remortgage, just as the season is about to because change is coming and inevitable.