House prices grew only slightly in the month of June, according to the latest figures from Halifax. Those on the fence regarding selling and buying are not budging as of late, and many close to the housing market are expecting much of the same until the end of the year. Brexit, along with other factors have created an uncertainty within the market which has led to a lack of positive sentiment towards the market in general.

Homeowners today deal with a massive number of issues in regard to mortgage lending, maturity dates, and what the best option is on the next lending deal. Combining this daily grind of challenges with the mundane tasks everyone deals with like petrol, grocery, car maintenance, and the like, and it is overwhelming. There is potentially a mortgage option available to help most households take control of their financial future in a positive way. That mortgage lending option is known as remortgage.

Although the capital city of London has seen extreme house price growth over the past five to seven years, the last twelve months has been anything but strong growth. Over that time period, house price growth has been 0.4% within the city and just slightly higher in the prime areas of London. Now, there is a new leading city for house price growth across the country. It is Manchester according to house price index from Hometrack. Over the last twelve months it has posted house price growth of 7%.

The city of London is seeing residents flee the region in high numbers as of the latest data regarding housing. Scotland is the number one area for those leaving the capital city to move to. People are moving away from London and it is mainly people in their thirties, according to figures from a think tank studying the behaviours of those in the capital city. The data indicates those moving away from the city are in search of more room, and more opportunity to locate a spot on the property ladder.

The first half of the year is now history and home owners are faced with the next month on the calendar being August. This could place added stress on many owners who are already feeling burdened about home maintenance, rising petrol costs, wage growth, house price growth, and other issues which infiltrate everyday life. There is another issue which many could be thinking about and that is the possibility of an interest rate hike coming in the first weeks of next month. That is when the Bank of England will once again convene for the monthly meeting of the Monetary Policy Committee.

House price growth is typically a measuring stick for housing market health. If house prices are increasing, then it is likely the housing market is in good shape and growth and expansion will continue. As house price growth starts to decline, so does the progress of the market along with optimism from those within it. The current housing market is finding itself in the position of little house price growth over the last few months and a subdued amount of overall activity.