Homeowners that have had their current remortgage deal end and those that are close are likely considering a remortgage. If they aren’t, they should be. Experts report that those that mortgaged with a fixed rate two or more years ago could find that not remortgaging will have them paying double or more the interest rate of their lender’s standard variable rate (SVR). To escape being moved to the lender’s SVR at the end of their mortgage deal a remortgage is the only answer.

The decision to remortgage has perhaps never been so confusing as to whether one is better off doing it or waiting it out. Could the interest rate increase soon and have you paying more than you need to? Could remortgaging then save you money and be the right decision? Perhaps because of Brexit, interest rates will be cut again and then that could have you missing out on what could be lower rates offered than what are available now? To remortgage or not to remortgage is the question that many homeowners can’t quite find the answer to and it seems it is getting even more confusing.

The housing market has in many reports shown resilience against the threat cast by the shadow of Brexit. Much of that resilience is thought to be fueled by the continued opportunity of homebuyers securing a low interest rate mortgage. While the current interest rates offered are not close to the historic lows of a few years ago, the levels are still well below that which was considered normal before the economic crisis.

Homeowners are being encouraged to consider a remortgage if they are close to having their current deal end. Without a remortgage, lenders will move a homeowner’s loan to their standard variable rate (SVR). According to reports, particularly one released by Moneyfacts.co.uk, it is reported that borrowers that mortgaged two or more years ago could face a SVR that is double or more the interest rate that the homeowner was used to paying.

Home sellers, home buyers, and homeowners could have a lot to be grateful for this summer as many reports are revealing an expected boost to the housing market. The summer season is usually a time in which home buyers show up to the market in higher numbers than previous months. People have more daylight hours, they are out and about more, they have more time and energy to consider changes and goals in their lives and it seems that finally making the change to become a homeowner is popular. It is also a popular time for home movers.

According to a new report from Which?, the housing market is being jostled about by Brexit. With the new announcement of the next UK Prime Minister only days away, many are talking about the impact of Brexit as the date draws closer for it. What is discussed in the new report is what one can expect in the housing market. Such information is important to home sellers, home buyers, and homeowners, as well.