After the Bank of England voted to increase the standard base rate early last month, households across the country began questioning the future of their mortgage lending. If they had not remortgaged yet and their current deal was maturing soon, what options were there? If they were looking to possibly sell the current property, but truly wanted to stay for as long as possible, what options were available? In short, lenders are now making it possible for house owners to come away with a favourable outcome by offering many options and packages suitable for a wide range of financial situations.

Mortgage lending within the housing market is currently wide open with lenders in heavy competition and uncertainty regarding the future of Brexit. This leaves many borrowers asking themselves questions about what is possible now and in the future. How can I remortgage now following a rate rise and uncertainty with Brexit?

The answer comes in a two part solution. First, as there is heated competition within the lender pool, remortgage deals are popping up everywhere featuring special incentives like free valuations and free legal fees. There are even deals surfacing with cash back options. So, comparing deals which are currently available can be quite eye opening for many thinking their options are limited. They are not.

Second, the fixed rate remortgage is now quite popular and many house owners are finding interest rates to fit their situations. These fixed rate deals make it possible to lock in an interest rate which will provide protection and insulation against future interest rate increases. The Bank of England has hinted there will likely be more increases in the coming months. Get ready for them now.

Focusing on these two details will likely enable most home owners to find a deal which is suitable and could possibly help save money starting next month.