Homeowners have been able to find substantial savings through remortgaging during the pandemic. According to reports, savings of £200 or more per month could be found by simply choosing to remortgage at the end of the current mortgage term rather than choosing to be moved to the lender’s standard variable rate (SVR). With the ability to save money, experts have encouraged all homeowners, no matter where they are in their current mortgage deal, to shop online and discover what savings could be found.

However, some homeowners need more guidance and assistance than others. Remortgage needs could be more complicated due to specific life situations. For example, self-employed homeowners that have been impacted by the pandemic could need consideration. There are many reasons that a homeowner could be facing a more difficult remortgage process, and a remortgage broker could be helpful.

While any homeowner could benefit from working with a remortgage broker, those that need to rush to remortgage or need to find a specific deal that works with their situation might feel stress relief just to have help along the way to the best deal.

Remortgage brokers work with many lenders. Rather than working with one specific lender in seeking a deal, a broker will work for the benefit of the homeowner with many lenders to discover their best remortgage opportunity. Realizing that remortgage brokers often have exclusive deals from lenders not offered to the general public could be even another reason to seek the help of a remortgage broker.

Lenders have been lowering interest rate offers, increasing the loan to value (LTV) levels to open remortgaging to more homeowners, and including attractive incentives to choose their deal. If savings could be helpful, if more money in the household budget could be helpful, if locking in a low interest rate for months or years to come with a fixed rate could be helpful, and not paying more than you have to in your monthly repayments could be helpful, then perhaps choosing a remortgage broker to assist in the process is a smart choice.