As the end of September is marked on the calendar, it seems almost frightening that the Brexit deadline will be days away. No longer will the deadline be within another month than the one we exist. For homeowners considering taking advantage of the current remortgage offers, the crunch time to complete a deal before offers change is now upon them. However, it may be the opportunities to secure a low interest rate, obtain a long term fixed rate, or release equity into cash while finding savings on repayments that will push homeowners into action versus the deadline of Brexit.

There are a large number of homeowners that will have their current mortgage deals end in the month of October. They are going to have many opportunities available to them in the remortgage lending market that were not present only months ago. Remortgage lending has become more competitive and lenders have also become more creative. There are many more remortgage products, many with low interest rates and some lenders are offering historically low rates. Fixed rate remortgages are being offered with terms in 10, 20, and 30 years.

In an attempt to better quantify the remortgage market, LMS has launched an index to report and analyze remortgaging data to those in the industry, experts interested in such data, and for the lay person since the report is made public. In a partnership with the Centre of Economics and Business Research (CEBR), the report will reveal the overall health of the remortgage market while tracking four strong indicators which are: the volume of remortgage approvals, the remortgage borrowing cost, homeowner equity value, and consumer sentiment.

According to a recent report published by the data website Moneyfacts, the highest credit card debt interest rate ever recorded since data collecting back to 2006 has hit. The average rate (APR) is now at 24.7% and that might not be the ceiling rate. Unfortunately, there could be a very good chance that such an increase in credit card debt interest rates might go unnoticed by consumers, especially since savings banking and lending interest rates are very low. Consolidating debt and paying down the highest interest rates being charged on debt could be a financial health saver and a remortgage might be able to help.

First time house buyers are finding the current climate in the housing market and lending market to be quite attractive. There are many opportunities for those shopping to buy a home, but perhaps first time buyers are finding the most.

The recently released UK House Price Index from the Land Registry revealed that the UK house prices grew by 0.7% in the year to July. This is down from the reported 1.4% growth for June. It is the lowest annual growth rate reported for the UK housing market since September 2012 which at that time recorded an increase of only 0.4%.