The latest UK housing market research to surface is leading many experts to see only one short term future. The amount of activity is shrinking and some fear transactions are on a track to continue to slow down. This may be the cause of lenders currently cutting mortgage rates and why remortgage activity is beginning to dry up. 

Home owners are currently looking at a UK housing market full of mystery. With the Brexit vote of last year changing the course of history, along with new taxes on property, moving forward is anything but clear. Many house owners are currently therefore sitting on the fence in regard to selling their existing home, or remortgaging and staying put. The possibilities which exist with a remortgage are endless, especially in regard to home improvements.

The London housing market is going to have a new option for those willing to start off with a basic apartment and do the decorating themselves. The new concept is being backed by a £500,000 grant and according to London’s mayor Sadiq Khan, the apartments will cost buyers 40% less than a standard new build. This could be the opportunity those shut out of the housing market in London need.

UK housing market house price growth has been quite a news item over the past twelve months. The uncertainty of what will transpire now that Brexit is officially moving forward has had many close to the market quite concerned about what the near future of house prices actually look like.  That question has been answered to a certain extent in the latest data to surface. Houses have now hit an all-time high of £313,655 in the month of April. This follows a rise of 1.1% in month to month comparison of property prices, according to Rightmove.

Remortgages could be the safety net sought out by homeowners over the coming months. Major changes are on the horizon in both the domestic economy and in the global economy. In the face of uncertainty, there is one possible way for homeowners to bring some security into their financial outlook and that is securing a long term low interest remortgage.

The UK housing market is in a state of neutrality these days, according to the latest mortgage lending data from the Council of Mortgage Lenders. The general election is expected not to have any impact on the current climate. During the month of March, the housing market posted a total of £21.4bn which is on par for the average month over the past twelve months. The figure is slightly off the total of March 2016 when buy to let mortgage lending was surging. This year mortgage lending was £5bn less than last year.