Borrowers coming to the end of their introductory mortgage offer have much to decide going forward. They can allow their loan to switch over to the lender SVR or they can spend a little time in research and choose to remortgage. After some time measuring the pros and cons, many property owners make the choice to remortgage. However, after spending a little time deliberating, many borrowers are still choosing to go with the lender SVR. This could wind up being quite a costly decision according to the latest figures regarding the choice to remortgage or switch over to the SVR.

With the calendar indicating the day of Brexit closing in quickly, many housing experts are urging those who have not remortgaged their property to consider moving on it now. Brexit is now only five weeks away and the window of opportunity to secure a remortgage is closing. Lenders are pressed for time and completing remortgage applications is not a fast process. Although the remortgage application process has been streamlined to move the timeline at a much faster pace, it is still not something which happens overnight.

Uncertainty surrounding Brexit has many house owners riddled with doubt as to what is wise to make decisions about within the UK housing market. Those in the market to buy or sell have been sitting on the fence for several months in anticipation of what could happen at the end of March. Predictions from many upper tier economists have ranged from immediate growth following official Brexit day of March 29 to a potential spiral downward. One thing is certain however, and that is the low level of interest rates which are now available from many lenders on a number of mortgage deals.

For those in limbo about a buying or selling decision within the UK housing market, it is not a pleasant time. It has been difficult for more than 18 months now and is not getting any easier. Brexit is looming. Uncertainty has become a theme which is affecting optimism and forecasting and estimating for the market in the short term as well as the long term. It seems many balls are currently in the air and nobody knows where any will land. The latest predictions for the housing market are not offering much encouragement as well. Although, there is still one thing to believe in and that is the power of a remortgage and its benefits.

Remortgage has found its place among the leading mortgage lending tools and it is not looking back. Many house owners have found stress reduction as well as cost cutting benefits from it. Now, the benefits of remortgage are becoming even more exaggerated. In the days leading up to Brexit, some lenders are cutting remortgage interest rates in an effort to attract those who have chosen to remain on the fence and not make a move until the uncertainty of what will happen after Brexit is not such a mystery.

The UK housing market is looking at a flat year of growth according to some close to the market. The concern surrounding Brexit combined with strict lending criteria is placing a number of challenges in front of those thinking about buying and therefore affecting those who are selling as well. In addition to Brexit and lending criteria, high house prices is also quite a deterrent for those thinking of making a move of any kind within the market. Estimates for the year 2019 are for the market to remain flat and not see much growth at all.