The UK housing market is in the middle of a pause moment with many sitting on the fence with regard to buying or selling decisions. With Brexit now in a delay, those decisions will continue to sit undetermined with more uncertainty in the market to come. What is happening outside buyers and sellers though could be insight into what is happening in the background which gives some predictions of the times ahead.

House owners across the country have now been on the fence in regard to big housing market decisions for some time. Uncertainty about what will happen exactly as Brexit takes place has placed many questions in the psyche of property owners. Whether to sell now or buy now has taken center stage as we have now been placed in a pause moment similar to being on a plane in a holding pattern before landing. There is good news however. Due to a subdued housing market lenders are inching closer to a very competitive space, and that is good for borrowers.

Today is the start of the Easter Weekend Bank Holiday. According to weather forecasts this weekend will bring the hottest ever recorded for Easter Weekend. The fact that people will be experiencing days off from work as well as unprecedented warmer weather the housing market could be the benefactor of a boost as home buyers turn an eye toward purchasing.

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.