The whisper of low interest rates coming to an end across the country is beginning. Lenders are hiking interest rates now to adjust to the latest increase in the base rate. House owners everywhere are seeing higher rates connected with deals and pushing forward quickly to make sure they are locked in before transitioning to the lender standard variable rate. Housing experts are urging those who have not made a change yet to a fixed rate remortgage to do so before it is too late.

The best deals are slowly but surely coming to an end and many house owners are in a race to make sure they do not miss out. Low interest rates have been around for years, but that luxury looks to be coming to an end sooner rather than later. House owners are surely on the clock.

Experts are recommending those who have not yet pursued a remortgage to do so as soon as possible. Low rates are not going to continue from all indications and need to be acted upon.

It is estimated remortgage now can take as little time as a few weeks, but with higher amounts of traffic coming through lending offices that timeline has now shifted to months. Processing applications is a tedious process for lenders during normal lending periods, but now the heat is on.

Obtaining a remortgage now is the safest way to insulate oneself against future rate hikes and the potential unfavourable outcome of Brexit. House owners who have not secured a fixed rate remortgage are being urged to do so and increase the likelihood they too will take advantage of all the benefits this lending tool has to offer.