A month has now placed itself between the historic Brexit vote and now. Many UK house owners are sitting idle waiting for the next shift in the housing market to take place so they can make a move. Many are wondering if the interest rates will fall due to the uncertainty which currently resides in the market. Although much talk has taken place about reducing the base rate, so far no change. Although all signs so far lead nowhere concrete, experts claim now is a brilliant time to remortgage.

Interest rates remain low. They have not been offered at this level in some time and no definite time frame has been assigned for the fall to take place. The governor of the Bank of England, Mark Carney has indicated there will likely be a cut in interest rates in the near future. This did not take place during the last meeting of the Monetary Policy Committee within the Central Bank.

Home owners currently might see hundreds of pounds in mortgage payment shaved by obtaining a fixed rate remortgage. In addition to lowering the monthly mortgage payment, access to funds stored in home equity could come in quite useful.

Access to home equity makes it possible to pay for a holiday which has been put off, get rid of old debt which has been a burden for years, or start a much-needed home renovation.

Big lenders are offering remortgage deals with low interest rates and low administrative costs as well. According to housing experts, it is the right time to remortgage due to uncertainty which is wreaking havoc on today’s market.