House owners are constantly searching for ways to save money, plan for the future, and build a backup plan which can be relied upon in the event of an emergency. Many times, it comes down to looking at details compared with seeing the big picture. There are attributes of mortgage lending which are important and must be paid attention to. House owners who have chosen to remortgage are able to take advantage of savings opportunities which are not possible if a borrower is transitioned to a lender SVR.

Saving money is not easy. It is becoming more difficult as time goes on. Petrol costs are a challenge. Food is costly. And housing is more expensive due to year after year of house price growth.

House owners looking to find ways to potentially save more are missing opportunities by avoiding the transition to a lender SVR. In fact, in a recent discovery made public, those who transition to a lender SVR are potentially missing out on savings of more than £175,000 over a term of 25 years.

Pounds accrued over a span of 25 years totaling £175,000 occurs when the money saved by not switching to a lender SVR is invested at 5%. The current average of a lender SVR is much higher than the average found whilst remortgaging to a lower fixed interest rate.

House owners have the opportunity to accumulate a massive amount of money through savings instead of paying the additional cost of a lender SVR. Experts close to the UK housing market suggest considering remortgage as the interest rates are low and lenders are searching for more clients prior to the Brexit official date of March 29.