Homeowners are likely thinking ahead toward the New Year and considering what is in store. The most probable question is whether they should or should not seek out a remortgage. That question is an important one for the opportunities associated with getting a new deal might slip away in 2017.

House prices are due to stay in a trend of growth, but all things remaining the same as they are at this time, the growth will be slowed and that is due to the lack of demand for properties in London. The London housing market has cooled off and the past strength of house prices in the capital contributed strong support to the overall UK housing market. With London slowing down, it will impact the overall market.

Continued growth, though slowed, is a good sign for homeowners. They can be confident in the market and the strength of their equity growth, making it all the more essential to be serious about a remortgage.

Remortgage offers from lenders are still associated with cheap interest rates. Some lenders still have available remortgages with historically low rates. Such opportunities offer homeowners the ability to secure a financial safety net and in some cases lock in a fixed rate for years to come.

There is also the possibility of releasing equity into cash with a remortgage. The cash can then be put to use as the homeowners sees fit, perhaps for fixing up the home, transforming a kitchen, bathroom, or front façade. It can fund a dream holiday abroad, or finance a major purchase.

Remortgages in the New Year will still offer benefits for homeowners not seen in years past in the start of 2017. However, the year could also be the one in which interest rates rise instead of decline, and a year in which the best deals disappear. Making the coming year one in which homeowners need to make a choice perhaps more rushed than ever before to take advantage of all the opportunities possible with a remortgage deal.