The UK housing market has seen a massive cool down as of late and many lenders are taking a closer look at what may spurn house owners to think about not moving home, but at least consider a different approach in a remortgage.  This has brought out the competition dueling swords once again as the borrowers are ending up on the better side.  House owners who have not considered a remortgage before now are taking notice of the number of fixed deals still available.

Lenders have been dealt somewhat of a blow with the new, stricter lending guidelines they must follow.  The intention of the Bank of England to cool off the housing market and somehow squelch the fast paced increases taking place with housing costs is working.  Many lenders who were flourishing just a few months ago, enjoying massive amounts of pounds being borrowed are now getting an unpleasant dose of the new reality.

Borrowers however are taking advantage of many fixed deals on the table being offered by lenders big and small as they try to work around the new laws governing lending.  The message coming to the surface is simple.  Now is the time to remortgage.  Talk over the base rate increasing heats up each day and the time is now for those thinking about a new mortgage deal.

Many house owners believe that the base rate increase will be equaled at the lending branch level, but that is not so.  Banks will be paying more interest on the money they borrow and then they will construct new pricing for the mortgage borrower.  A remortgage could not be timelier for borrowers to consider.