First time buyers have made quite a strong move in the last year according to the latest round of economic data. UK Finance data suggests first time buyers have increased in the last few months, just ahead of the Brexit process. February figures show an increase in first time purchases by 4.1% compared with the same month of 2018. First timers are not only showing up, but making a statement by increasing the number of properties bought in only the second month of the year.

Remortgages have been in strong demand for many months as Brexit drew near. Now that it has been extended until October, it is likely that the trend will continue. Homeowners are keen to find relief through lower interest rates and fixed rates offer peace of mind against rising interest rates. It should also help boost the remortgage lending market that lending easing is on the horizon and even those homeowners that were previously held prisoner to their current mortgage could have new options available.

Brexit may not be over, but the delay has brought the opportunity for exhaling and getting on with life as normal as possible. Hopeful home buyers are said to be returning to the housing market and that is good news for homeowners concerned with continued equity growth. Those property owners that are not planning on downsizing or upgrading and content to stay put are keen to take advantage of the equity they have built up over the years and release it into cash with a remortgage deal.

Hopeful home buyers appear to be fulfilling their own dreams rather than wait on government to figure out Brexit. They are returning to the market and that could be more helpful to the economy than Brexit being concluded. According to Rightmove, the average house price increased by almost £3,500 in April. This makes it the largest increase month to month in over a year.

UK house owners have received a bit of good news regarding property prices and the outlook for coming months in the latest release of economic data. Figures from Rightmove indicate the market could be staging a comeback in house prices as well as other areas. Property values have rebounded in the past month to April 6. Prices increased an average of 1.1% during the last thirty days which is a leap of £3,447. Some housing experts see this data as a precursor to possibly some more positive moves as Brexit has been put on hold.

There are many important steps in the journey known as home ownership. First, home owners put heart and soul into selecting the best residence to put down roots and begin the best life possible. Then, there are maintenance duties and stamp duty to pay and possibly major appliances to replace over time. The third and potentially most critical is the decision presented to house owners as the original loan matures. It is at this time when considering a remortgage could significantly alter financial lives.