Currently it is a great environment for homeowners to be shopping for a remortgage. Just listing the many scenarios of how a remortgage could be better now than it was years ago for a homeowner or all the benefits that could come with one would be more of a small book than an article. Just know, homeowners have had it good recently when it comes to remortgages.

Low interest rates in some cases are the historically low level that a lender has ever offered. That is amazing in terms of borrowing costs. Fixed rate deals are attached to attractive low level interest rates, and lenders are pretty relaxed and still competing for the attention of borrowers. All of this makes seeking a remortgage a thrilling process when you consider the savings that could be found, the incentives to be discovered, and the open arms of lenders looking to offer a new deal.

However, the wind is changing with the coming of the New Year and 2017 could look very different than 2016.

Already in the past month or so, some lenders have pulled their very lowest interest rate deals off the market. Some haven’t replaced those deals with other attractive opportunities, but have just pulled them off the table to likely never be seen again. There is a good chance that in the first part of the year lenders will continue to pull back offers due to the uncertainties of the economy in the Brexit shadow and higher costs for lenders to offer loans.

Therefore, lenders might possibly be offering fewer remortgage products in the near future. The remortgages they offer will likely not be the very best of the last few months since 2016 ushered in the historically level deals.

Availability in remortgages is due to change according to experts and because of that homeowners should be assertive in seeking out a new deal if it will benefit them not only next year, but in the years ahead. There is probably no time like now to plan for the future if a remortgage is on your priority list.