The rush to remortgage may be revving up as data is showing an increase in remortgage lending. The same reason homeowners are expected to remortgage in the coming weeks could also be why first time home buyers are returning to the housing market. The likely reason that most are pushing the effort to borrow is that there are still low interest rates available from lenders. However, there is an expectation that the current rates will disappear into history with more interest rate increases possible this year and next.

The ability to secure a low interest rate is even more attractive as the calendar edges toward Brexit. The uncertain impact on the economy has homeowners seeking a safety net through remortgages. First time home buyers are seeking their own security in buying a home to escape expected increases in rental fees from landlords.

Lenders are trying to secure new customers and that is leading to a more competitive lending market than what existed at the end of the year. This is an opportunity for borrowers to make the most of the current environment and take advantage of low interest rates, incentives, and more.

Some expect lending to tighten after Brexit and if that is the case then there is probably no time like the present to gain peace of mind through a remortgage or obtain the dream of homeownership.

Experts suggest that those interested in remortgages, both homeowners and landlords, shop around now and see what deals are available. There is no commitment to look and nothing to lose, but perhaps a whole lot to gain if a savings is found.