Remortgage Can Help Offset Last Year Holiday Spending
The holiday season brings out the best of us as well as some shopping habits which are not the best of us. Overspending is not uncommon during the fourth quarter of the year. Stretching our financial selves at holiday time can sometimes set us up for a tough start to the New Year. Credit card repayments can sock it to us in January and that is when cost savings in other areas must be researched. It is the perfect time to consider a remortgage.
A remortgage has the ability to not just make a small dent in cost savings each month, but make a major impression. It has the potential to save the everyday house owner hundreds of pounds per month off the cost of the mortgage payment. Some house owners have discovered they were able to save themselves thousands each month.
Housing experts are still urging house owners to look into a remortgage, even though interest rates were hiked in the month of November last year. The standard base rate increased from 0.25% to 0.5%. Although the base rate actually doubled, interest rates from lenders remain at historically low levels. Deals are still on the table ready for house owners.
Putting a household in a financially burdened state during the holiday season is not uncommon and can prove to cause regret and stress. It is possible however to investigate a cost saving tool like remortgage and set a financial path in a new direction. It can be done entirely online and approval is possible in a short amount of time.