The UK housing market remortgage lending tool has had quite a year to now. As we turned the page and 2016 became the New Year, many experts expected house owners to remain loyal to obtaining a new deal and reap the rewards of a remortgage. Many have done that and many others have followed in their footsteps and done the same. Remortgage is now a popular item in the lending arsenal of mortgage products.

Last year, as interest rates completed the process of a decrease, many experts predicted house owners would take advantage of the benefit and remortgage. House owners not only did that, they also ignored political turbulence and other mortgage lending changes. Autumn saw many house owners make the commitment to a remortgage and complete the process.

Now the New Year is very much in swing and house owners are still choosing to remortgage. Stress and burden continues to be alleviated from many household budgets. Housing experts are now even forecasting remortgage activity to remain strong through the year.

Inflation and stagnant wage growth are concerns felt by all and many house owners are looking for relief. A remortgage is suggested by many housing experts as a way to find relief.

A remortgage is not only a potential way to find relief from the high cost of the monthly mortgage, but it is also a method to discover valuable equity stored in the value of the house. This equity can be accessed through a remortgage and used to pay off old debt, start a home renovation, or go on a family holiday. The process is now streamlined and easier than ever.