Remortgage lenders are expecting a massive number of homeowners to seek deals in the coming weeks. That has impacted the lending market and pushed a more competitive environment as lenders seek the attention of borrowers. Opportunities abound therefore for those that seek to avoid being moved to their lender’s standard variable rate (SVR) and face the uncertainty of higher interest rates. With the chance to secure a low interest fixed rate remortgage for a long term, why would a homeowner want to pay more than necessary and skip out on remortgaging?

Attention homeowners, you could save a substantial amount of money with a remortgage. That message has been pushed out for months and it is surprising how many people are not taking it to heart. No one wants to pay more than they have to pay on their home mortgage repayments, and they might not have to if they shop around for a remortgage deal.

This isn’t the first go-round with a Brexit deadline for the one set for 31 October is actually the second one after the first was postponed. However, it is coming up under leadership that is determined to make it happen, deal or no deal with the European Union (EU). That makes things different for many sectors of the economy, including the housing market.

Homeowners have been seeking remortgages in the lead up to Brexit. Of those remortgages, fixed rates are the most popular according to numerous reports. UK Finance reported that those remortgaging for only their outstanding balance on their loan declined in volume in comparison to those doing the same last year. There was an increase in the number of homeowners that chose to remortgage with additional borrowing.

Homeowners have been showing high demand for remortgaging. Perhaps there is no better time to take action and get peace of mind than the weeks leading up to the Brexit deadline on 31 October. Yet, not every homeowner can easily secure a new deal and many have complicated situations that require special attention. It is in these situations where a remortgage broker could be the solution to the problems many homeowners encounter.

The countdown to Brexit has begun and while all markets are showing an impact of the anticipation of a deal or no-deal Brexit, perhaps the lending market is the most obvious. Lenders are becoming more competitive in the lead up to the deadline. The reason is because borrowers are expected to turn out in strong numbers to take advantage of opportunities to secure a low interest rate remortgage or mortgage.