Homeowners with built up equity in their properties have a unique opportunity this summer. Not only could they possibly find savings in their monthly repayments with a lower interest rate, but they could release equity into cash and achieve some of their summer goals. Perhaps the cash could pay for a dream holiday abroad, home improvements, or debt consolidation. Any cash released from equity within a remortgage can be spent by the homeowner as they see fit.

Remortgaging is very popular with homeowners this season as there are very low interest rate deals on the market and of course there is the option to release cash from built up equity to make the summer more memorable. Also, lenders are still in a competitive mode and that makes them eager to do business with homeowners which offers more possibility to gain a remortgage for even the most complicated of situations.

To find the best deal, a homeowner will likely have to push loyalty to their current lender to the side. With so many products on the market and the possibility of remortgage brokers offering exclusive deals, there are many options to be considered. Choosing the best remortgage is a much better decision than sticking to a lender out of loyalty and perhaps missing out on savings, incentives, and a better term in the remortgage deal.

Experts are divided in what will happen in the lending market to the end of the year, but now there are attractive deals for homeowners. If a homeowner has already had their current mortgage deal end, are close to having their deal end, or even if they are in the middle of one and would consider the possibility of paying fees to close out a deal early, there might be an advantage to looking at remortgage deals now to make the most of the summer days ahead.