The New Year is racing towards us. In the midst of all the celebrations, parties, and fireworks we all must keep a close eye what lies in front of us. There will be resolutions to think about. There is a new tax year to contend with and along with that finances come to mind. There is a feeling of a fresh start in every New Year and 2019 is no different. For house owners, this year could be the year to obtain fixed rate remortgage and turn around the direction of their financial future.

The UK housing market has seen its share of ups and downs this year and next year is expected to bring at least some of the same turbulence as this year, according to many housing experts. Next year brings the official date of Brexit. Until that last day of March next year, strain and uncertainty is expected to continue. Although, after that most important day, many sectors within the market are forecasted to take off and see growth. Remortgage in fact is expected to see strong activity through next year.

As we arrive at Christmas Eve, we are well aware there is a great possibility of needing to rebound financially as soon as the New Year starts. The festive season is in full swing and like most seasons the spending has been exceptional and happening often. In fact, many of us have extended ourselves a bit and are now in search of some relief. There is a great chance remortgage can fill the void in our financials and put us on a strong track beginning in January.

The buy to let market has been dominated by foreign investors for years, but that trend appears to be changing. In recent housing data, foreign investors are shying away from the idea for several reasons. Aside from the uncertainty created by Brexit, fingers are pointing at fundamental points for the retreat. Lower expectations lead the headlines for a change in attitude, but stronger deterrents lead in the list of why buy to let is seeing a change of heart.

Remortgage within the UK housing market has had an impressive year. Beginning last year after the first of two increases in the standard base rate prompted house owners to search for a better interest rate. Lenders showed up and provided fixed, low interest rate deals. Not long after the calendar turned 2018, lenders introduced not only deals featuring low interest rates and a way out of transitioning to the standard variable rate loan, but more. Lenders brought free services to the table and it has been a borrower market ever since.

The remortgage sector has been pulling mortgage lending along and is set to do the same next year, according to those close to the UK housing market. Remortgage began its surge last year and has not let up since. Many property owners had their initial deal mature creating decision time for them to stay with their current lender and switch to their SVR or remortgage. Many chose to go with a long term fixed rate deal. The number of long term deals obtained is now creating a slight change which is coming to the market. Much of the lending forecasted for the year 2020 includes a dip in remortgage.