Low mortgage rate deals helps homeowners
8 December 2012 Last updated at 08:48 GMT
After years of recession there is finally some good news for people hoping to sell or remortgage their homes.
There is a price war going on in the world of mortgages, with some of the big lenders dropping their rates by as much as a third.
So is now a good time to remortgage?
Philip Hampsheir reports.