The holiday season is quickly approaching and with it all the stresses and time commitments which come with it. The days are nearing which will naturally make us take our eyes off the financial stresses in our lives and focus on what matters most – being grateful and celebrating the holiday season. We do however remain in a period with low interest rates and other incentives on remortgage deals which could make a financial difference entering the New Year.

The New Year is just around the corner and while many are more focused on preparing for winter weather and making shopping lists for the holiday season, there is one thing that is expected to soon find its way to the top of the to-do list of homeowners. Remortgaging is expected to become a priority for homeowners as the year comes to a close and a new one begins.

Their parents were able to do it, and so were their parents’ parents. Relatives beyond that were able to do it, but maybe not as simply as those who came after them. The thing they were able to do is own a home in their youth; a challenge facing young people today possibly more than ever. Housing in the UK has become wildly expensive for many which is making it more and more difficult for the youth to purchase a property of their own.

Stress is everywhere. It’s in the drive each day as we commute to work. It’s there as we shop and pay for food at the grocery store. It’s present as we help family members make important choices about how to live, where to work, who to date/marry, and so on. Stress is present everyday and sometimes for some people, it’s there every hour. Recently, a survey was completed regarding mortgage lending and stress, and guess what, stress is present in that space in massive amounts.

House price growth took another step backwards in the month of October, according to the latest figures to become public. House prices slid 1.6% in the month following the prior month in which they fell 2%, according to figures from Nationwide. The average cost of a UK home now sits at £214,534. This price is down from the price of £214,922 from the month of September. The forecast for the last twelve months places the latest figures slightly lower than the forecast for the period which was 2-3% overall.

Weather is changing rapidly in the UK and along with it, the climate of the UK housing market. The market now undoubtedly favors those in search of mortgage lending and for a variety of reasons. The main reason found by some close to the housing market is the drive to reach lending targets. Many lenders have made the decision, especially in the last few days, to keep interest rates unchanged on many of the more popular lending deals.