January is expected to be slow in the start of the New Year for the housing market. It is therefore also expected to be a slow start for 2019 for mortgage lending. The month of January is normally a slower month as people return to a more normal life after the holiday season. The cold weather also impacts the housing market and mortgage lending. This year there is the uncertainty of how Brexit will impact the economy that will surely slow down hopeful home buyers from jumping into the market.

With a New Year comes the hopes to make it a better year. We want to build upon the achieved goals and successes of the previous twelve months and keep moving forward. For homeowners it is often lost among the personal goals that there are goals that should be made for our property as well as our financial health in the coming year. One of the goals that should be considered to work toward is a remortgage.

November mortgage lending figures from the UK housing market are in. Year on year, gross lending posted a lower number than the same month in 2017. Final figures paint a picture of a cooler market than the same time last year. A 10% dip in the number of mortgage approvals were executed this November compared with last. Remortgage approvals also decreased. Figures from UK Finance show remortgage approvals fell 20% compared with the same month last year.

With the New Year upon us, we are once again reminded how quickly time passes. Another year can now be placed in the history books to reflect on, learn from, and improve upon. This passage of time allows us to learn things and to see things about our finances in particular which can be put to good use in the future. The future is now. The turn of the calendar to 2019 allows us to reset our goals, missions, and begin again. The metric of time is valuable to us moving forward and with our monthly mortgage payment arriving every thirty days, there is no time like the present to see remortgage make a difference in our lives.

The UK housing market is showing the strain of carrying Brexit on its shoulders. In the beginning, experts considered and even warned that the market would be damaged immediately and house prices would decline quickly at the lack of buyers. Yet, the market proved resilient and stayed strong with buyers more intent on fulfilling the lifelong dream of home ownership than carrying about the uncertain future economy.

The last full week of the year is upon us. The year 2018 has been full of ebb and flow within the UK housing market and the start to next year is expected to bring the same. Mortgage lending has cooled a bit, but remortgage remains on fire for house owners looking to save money on the cost of the monthly mortgage payment amount. For those house owners who did not get to actually remortgage during this twelve months, there is 2019. The future looks bright for those in search of a lower interest rate compared to the current rate which is now connected to their initial mortgage deal.