The deadline of 31 October for Brexit is drawing near and there are many opportunities to prepare for the worst while taking advantage of what is available at its best. Homeowners especially are capable of preparing for the possible outcomes after Brexit and securing peace of mind for their financial health. There are remortgage deals unlike any others available before and deals to be grabbed while they can.

The government’s public finances have been impacted by the slowing housing market. According to data released by HM Revenues & Customs, land and property stamp taxes declined in 2018 for the first time in a decade by 7%. Part of the decline is being blamed on the relief offered to first time buyers and the devolution of stamp taxes to Wales. Yet, the HMRC reported that receipts would have declined by nearly 3% despite the changes.

The latest report from Nationwide on UK house prices was released recently and there were two very different data results. For one, in comparison to the same month last year, September 2019 showed growth. It was slight, at 0.1%, but it was growth, which considering the turmoil and uncertainty in the political ring due to the Brexit deadline of 31 October near, any growth would likely be embraced as good news. The other data standout result was that while there was growth in an annual comparison, there was a decline in the month to month comparison with a decline of 0.2% from August to September.

Data from Nationwide for September revealed an unexpected decline in the average house price by 0.2% from August. There had been an expectation of the final summer boost due to homebuyers seeking to close up their property purchases before the Brexit deadline of 31 October drew nearer. The average house price is now £215,352, down from £216,096 reported by Nationwide in August.

London house prices have been on a mode of correction from the lofty house prices of years past. According to a new report from UBS, London’s property market has finally cleared out of the bubble risk territory for the very first time in four years. The capital’s real estate is still considered overvalued, and for many out of reach, but the years where the property values soared by 50% are long gone.

As the end of September is marked on the calendar, it seems almost frightening that the Brexit deadline will be days away. No longer will the deadline be within another month than the one we exist. For homeowners considering taking advantage of the current remortgage offers, the crunch time to complete a deal before offers change is now upon them. However, it may be the opportunities to secure a low interest rate, obtain a long term fixed rate, or release equity into cash while finding savings on repayments that will push homeowners into action versus the deadline of Brexit.