Just like the fruit on a tree, remortgages have been sitting, waiting, and ripening. Now they are perhaps at their peak, sweet, ripe and ready for the picking. Waiting too long could result in missing out on the best timing so why are homeowners not showing up? After all, it could be that this is as good as it is every going to get.

Homeowners have in front of them probably one of the best opportunities to remortgage. Whether they are closing in on the end of their current mortgage deal, have already had it end and have been moved to their lender’s standard variable rate (SVR), or they are stuck in the middle of one that could be better, it is worth taking the time to shop around, especially when doing it online is so simple, easy, and convenient.

Savings are abundant with cheap interest deals that might not been seen again. Hopefully that would be so because it would mean the economy is flourishing.

Not only are interest rates low, but in some cases they are so low they mark the lowest level of interest at any time in the history of that lender.

Yet, homeowners have been holding back. According to experts there are hundreds of thousands of homeowners that have household budgets that would be devastated if the interest rate begins to rise into normal ranges for a healthy economy. So why aren’t they remortgaging at the levels that one would expect to see with such opportunity to not only save, but to secure their repayment level for years to come?

Maybe because they are comfortable and don’t see the need to react. Maybe they think they have time. Maybe they think low interest rate remortgage deals are the new norm.

Whatever the reason, it looks like we are right in the middle of a savings harvest, and homeowners should take notice before the season changes.