Low mortgage rate deals helps homeowners

8 December 2012 Last updated at 03:48 ET Help

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.

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