Education can be an expensive pathway for children attending private schools. After a household financial plan tackles costly things like petrol, new clothing, weekly groceries, and a monthly mortgage, the cash well can be all but dried up. Funds to pay for school must come from somewhere. Families wanting to send their children to elite schools are always looking for a boost in income or a savings route to help them with the expense. What about remortgage?

As winter blankets the UK, the housing market could be warming up despite the forecasts of a frozen market during the start of the year. Reports from various sources are revealing that there are many reasons for hopeful home buyers to stay interested. There are low interest rates, lenders are offering attractive mortgage deals, and sellers are motivated to make a sale. With opportunities and motivated buyers, the market is destined to be warmer than the temperature outside would expect.

House owners are constantly searching for ways to save money, plan for the future, and build a backup plan which can be relied upon in the event of an emergency. Many times, it comes down to looking at details compared with seeing the big picture. There are attributes of mortgage lending which are important and must be paid attention to. House owners who have chosen to remortgage are able to take advantage of savings opportunities which are not possible if a borrower is transitioned to a lender SVR.

Interest rates have a significant affect in regard to mortgage lending. Those who are in search of an initial mortgage loan or a home remortgage are paying special close attention to the economy in general and inflation. The latest inflation figure to surface indicates inflation is sitting at 2.1%. This is only slightly higher than the target rate of 2%. Many housing experts have commented the Bank of England will not have to raise interest rates during the February meeting of the Monetary Policy Committee.

As we barrel towards Brexit and the possibilities which lie ahead for the UK housing market, forecasts are starting to surface. Some close to the housing market are of the opinion that once the end of March passes, activity within all sectors will take off. Others are not quite that confident and the data is out with confirmation of that. Some areas of the country have seen flatlining activity whilst some are not stagnant at all and seeing house price growth representing an underpinning of support from those in the market who are choosing to go ahead with housing decisions.

Amid the countdown to the official date of Brexit, which is March 29, mortgage lending figures have been announced for the month of December. According to data from UK Finance, mortgage lending within the UK housing market was almost 5% higher than the same month last year. Gross mortgage lending for the month of December hit £21.1bn and the total for the year 2018 was £267.5bn. The total is 3.8% higher than the year previous.