First time buyers are still finding it difficult to get on the property ladder. They may be taking advantage of the lower asking prices in the housing market and the low interest rate mortgages offered by lenders, but there are many that are still waiting, saving, and trying to find an opportunity. It is no surprise that first time buyers are much older than those that bought their first home decades ago due to the difficulty. It is also no surprise that one of the well-known lenders that assist first time buyers with their goal is the Bank of Mum and Dad.

The housing market usually benefits from a boost brought on by the summer season. People are more optimistic as the weather turns sunny and warm. They have more daylight hours to shop around and discover properties. It is a time to make changes and look forward into the future and that means taking the jump onto the property ladder. In the lead up to Brexit, it appears that the housing market still benefitted from a summer boost.

Remortgage lenders are expecting a massive number of homeowners to seek deals in the coming weeks. That has impacted the lending market and pushed a more competitive environment as lenders seek the attention of borrowers. Opportunities abound therefore for those that seek to avoid being moved to their lender’s standard variable rate (SVR) and face the uncertainty of higher interest rates. With the chance to secure a low interest fixed rate remortgage for a long term, why would a homeowner want to pay more than necessary and skip out on remortgaging?

Attention homeowners, you could save a substantial amount of money with a remortgage. That message has been pushed out for months and it is surprising how many people are not taking it to heart. No one wants to pay more than they have to pay on their home mortgage repayments, and they might not have to if they shop around for a remortgage deal.

This isn’t the first go-round with a Brexit deadline for the one set for 31 October is actually the second one after the first was postponed. However, it is coming up under leadership that is determined to make it happen, deal or no deal with the European Union (EU). That makes things different for many sectors of the economy, including the housing market.

Homeowners have been seeking remortgages in the lead up to Brexit. Of those remortgages, fixed rates are the most popular according to numerous reports. UK Finance reported that those remortgaging for only their outstanding balance on their loan declined in volume in comparison to those doing the same last year. There was an increase in the number of homeowners that chose to remortgage with additional borrowing.