Sales transactions within the UK housing market fell at more than a modest pace from August to September. The number of transactions decreased by 16% in the month of September totaling 72,500. This reduction in the number of sales transactions is typical for this time of the year, but a drop of this size is significant. Sales transactions is a pillar within the market for determining health and this data is further evidence of a slowing market, according to economists close to and inside the housing market.

Time moves fast and when there is a looming deadline it can seem that days turn into hours. That is likely how many homeowners are feeling as the days tick down to the New Year. The good news is that there still could be time enough left for homeowners to get the remortgage they need to start off 2019 feeling financially secure from rising interest rates. This is when a remortgage broker could be most helpful in getting things rolling to accomplish such a major task by the end of the year or at least during the start of the new one.

House price growth slipped further during the month of September as house prices in the Southeast represents the latest in the slowdown of the UK housing market. The data made public by Your Move is significant in a historical perspective. House price growth has now slowed to a six and a half year low. Transactions were another major point of reference during the month of September. The number of transactions dropped month to month by more than 15%.

It is no secret to anyone living in or looking to buy property in the city of London that prices are now quite challenging if not completely unaffordable. Price growth has been meteoric for years and this year has proven trends can come to an end. Growth of prices has slowed for property, but that has not changed another trend which has gathered steam and is becoming more popular by the month. Many looking for their first property are conducting searches outside the capital city.

First time buyers are often seen as the backbone of any housing market. If first time buyer activity weakens, the possibility of struggles for the market are higher during the coming years. This story plays out in the UK housing market as well. As first time buyer activity is strong, so is the future of the market. According to research from UK Finance, first time buyer mortgages obtained during the month of August this year was the highest since June of last year.

Remortgage has become more than a relevant tool within the UK housing market lending landscape. It is more than just a method to saving money off the cost of the monthly mortgage repayment amount. It has now reached mainstream level with widespread popularity for anyone owning property across the country. However, a recent survey conducted by Which? Mortgage Advisors has offered some surprising results for many economists and those close to the housing market.