The latest house prices report has been released by Halifax for March. Depending on how you look at the report it can be either an optimistic surprise or a pessimistic foretelling of things to come. Either way, Brexit is ever present at making an impact.

The hope of becoming a homeowner is still very strong in the UK. Families, couples, and even professional minded singles are growing in numbers of those looking to fulfill the dream of being a homeowner. Going through the process of shopping for a property, finding agreement with a seller, and then securing a mortgage can be taxing. Once the homeowner moves in and all is complete there is little notice to a mortgage except for keeping up with the repayments on time.

Homeowners that are considering a remortgage are sure to be keeping a watch on the interest rates. The opportunity to secure a deal before interest rates increase could be considered a smart financial move. There won’t be a scheduled meeting of the Bank of England’s Monetary Policy Committee (MPC) until next month on 2 May unless an emergency meeting would bring together the members to vote on the standard base interest rate.

Home sellers, it has been considered, might be holding back on putting their property on the market until after Brexit. Rather than let their property remain for sale for a long period, and perhaps it then being labeled as undesirable, they are being patient for more optimistic and enthusiastic buyers. Those buyers are hoped to turn up to the housing market once Brexit concludes.

Homeowners that have been held back from getting a remortgage could soon find help through easing of regulations. The Financial Conduct Authority (FCA) has released information on their intention to help homeowners that are trapped within their current mortgage deals. New rules will allow lenders to be more lenient with affordability checks on an individual basis. This will offer opportunities to the many thousands of property owners that have been held prisoner by their current deals and provide them with a remortgage possibility.

It came as no surprise when homeowners showed up to remortgage in the months leading to Brexit. The ability to secure a lower interest rate, perhaps in a fixed rate for a long term to escape future interest rate hikes, and save money in the long run was appealing. There was also the peace of mind to be found as Brexit loomed and from the unknown impact that would be absorbed by the economy.