The World Cup runs about a month in length and currently we are seeing the Quarterfinal matches take place before our very eyes. The Final match will be played within the next few days and that is only the end of the distractions which have been taking place for three weeks. Between the first whistle and now there have been parades, parties, and so many minutes of action it cannot even all be taken in. What is missing right now is the discussion regarding the opportunity to obtain a fixed rate remortgage with historically low rates.

Distractions from the biggest soccer event in the world are currently occupying everyone’s devices and teles. The fact that England is now facing Sweden in the Quarterfinals is only icing on the cake for those thinking about remortgage prior to the first goal of the tournament. The time to remortgage is running out and this week may be the last opportunity to obtain a deal before lenders are swamped with applications.

Hints of an interest rate hike have dominated many conversations for weeks and that hike may come in the first week of the month of August when the MPC meets behind closed doors in the Bank of England.

The current standard base rate now sits at 0.5%. In November of last year the base rate increased from 0.25% to the current rate of 0.5%. So far, there have been few projections about the possible level the next rise could take the rate to.

Home owners considering a remortgage deal should think about moving quickly according to many close to the housing market. Lenders will soon be swamped and unable to sort through all the applications for new deals.

Distractions are currently massive and rightfully so, but then again so is the possibility to obtain a fixed rate remortgage and change the financial future of the household forever.