Time moves fast and when there is a looming deadline it can seem that days turn into hours. That is likely how many homeowners are feeling as the days tick down to the New Year. The good news is that there still could be time enough left for homeowners to get the remortgage they need to start off 2019 feeling financially secure from rising interest rates. This is when a remortgage broker could be most helpful in getting things rolling to accomplish such a major task by the end of the year or at least during the start of the new one.

It is true that the remortgage process takes longer and when there is high demand those working the front lines of remortgage lending have only so many hours in the day to complete responsibilities. On top of that, there are those moments when the process is halted waiting on information from the homeowners. Until important information is relayed the process comes to a stand still waiting on the homeowner to get things moving again with required details or documents.

To make the process smooth, it is important to ask up front what information could be required and for the homeowner to gather the information and submit it as quickly as possible. Noting what documents are required and submitting those rather than substitutes for the required ones will keep things moving smoothly as well.

Homeowners are still showing strong demand for remortgages and that makes a lot of sense. Rising interest rates are a worry for those that do not want to be paying more than they have to with their mortgage repayments. By securing a fixed rate remortgage the anxiety of a household budget being hit by new interest rate hikes is relieved.

Not only could a remortgage give a homeowner peace of mind with their budget, but there are other benefits to be found as well. Savings may be the primary reason for a new deal, but one could also release equity into cash to handle upcoming expenses, build an emergency fund, or treat one to a holiday abroad, a new car, or fund holiday gifts. Cash released from equity during a remortgage belongs fully to the homeowner and they can use it to spend as they see fit.

Homeowners will likely find attractive deals still available despite the recent increase in the interest rate by the Bank of England’s Monetary Policy Committee (MPC). The latest rate hike increased the standard base rate to 0.75%. This level is three times the rate that stayed steady for years at 0.25% without an increase by the MPC since March of 2009 until November of last year.

There is still time to remortgage for those that want to do so and secure the low interest rates currently available. It does mean however that homeowners need to be assertive in their efforts and get started as soon as possible. Even if the process doesn’t complete until after the New Year, it will mark a major task off of one’s to-do list and start 2019 feeling more accomplished and secure against any interest rate increases in the months ahead.