The government offered their new funding for lending scheme only weeks ago and borrowers were advised to not expect a quick result but to be patient and the benefits would begin to appear.  The market would begin to change and the borrower, including homeowners in need of a remortgage deal, would soon find their opportunities multiplied and more attractive.

It should be too soon to see the benefits of lenders having the opportunity to fund their loans cheaper through the government than the global lending market.  Yet it appears that changes are already developing.  Cheaper deals are appearing from lenders already and the expectation is that the market will soon have a competitive outlook as lenders seek to make their lending attractive to those on the search for a new deal.

With lenders looking to do business and offering cheap interest rates to attract borrowers there is nothing that should hold back a homeowner from considering a remortgage.  The wait and see game could probably not end on a better note than the one currently developing.

Homeowners will have cheap offers to choose from and lenders are going to get competitive while offering cheaper deals.  That should equate into cheap remortgage deals with low or no fees attached and also free incentives such as free legal work and free valuations.  The opportunities are growing and the homeowner is sure to benefit.

For those considering a remortgage they should be willing to shop around due to the competitive offers that will be on the market.  Abandon loyalty and search for the best remortgage deal that can be found.