Homeowners are taking advantage of cheap borrowing and are not only securing fixed low interest rates to protect them from rising interest rates, but they are turning their equity into cash. Homeowners with built up equity in their home are using equity into cash remortgage deals to help them meet goals, pay off debt, and in some cases reinvest into the value of their property. With low interest rates attached to remortgage deals, it could make sense to use remortgage for cash as well as take advantage of the other benefits available.

The cash released from a remortgage could fund any need of the homeowner. The money is theirs to do as they wish. While there is plenty in the news about parents remortgaging for cash to help their children supply a deposit for their own step onto the property ladder, there are other needs being met as well.

The equity is sitting there growing as the housing market continues to be resilient within the Brexit shadow. The delay had been expected to finally cool off the market and ice it down for a long period. However, buyers are still in the market and there have been reports that are totally surprising experts at just how strong the market is remaining.

Taking the equity out of the property and turning it into cash is an opportunity that homeowners can use to give peace of mind as they put it away for their family budget, to pay down debt, to pay for unexpected expenses, fund summer holidays, or invest back into their home to boost the property’s value upward again with a modern renovation, energy savings upgrade, or new outdoor family garden.

There are as many reasons to remortgage as there are homeowners. There are many factors as to why now there is a strong demand for remortgages, but perhaps the cash equity release remortgages could be a driving force for lending in the months ahead.