Perhaps it is because of the lack of demand in the remortgage market or perhaps it is because lenders are seeking out business before the demand grows stronger, whatever the reason there are some lenders that have surprised experts in the mortgage lending arena.  Rather than pulling their old remortgage deals and replacing them with higher interest rates the new deals have actually come with lower interest rates.  This is unexpected and experts are telling homeowners to take notice because the cheap remortgage deals are not likely to last very long.

Recently Barclays, Halifax, HSBC, Lloyds Bank, Nationwide Building Society and Virgin Mobile have all introduced lower interest rates associated with their mortgage lending.  This could come as very good news for first time buyers, home movers and homeowners seeking to remortgage.

Some of the lenders have offered the lowest rate they have offered in years.

Those seeking to remortgage to grab a long term fixed rate to save money and save them from rising interest rates or those seeking to release cash from their latest growth of equity should have no problem finding good remortgage deals out there.  Shopping around and letting go of loyalty to the previous lender is important in securing the best deal.  This is after all, business and not personal and homeowners should keep that in mind.  For those with complicated remortgage needs or those in desire for more hands on expert help through the process, a remortgage broker could prove beneficial.