Article 50 could be triggered by the end of March according to experts. This could cause a response from the UK housing market and ultimately, could impact house price growth in a short amount of time. As the days countdown to the departure of the UK from the EU, all eyes are on the property market, and especially on the capital city of London.

March has proven to be quite an influential month this year with house prices catching much of the spotlight. The Midlands area of the UK is currently the hotbed of house price gains according to the latest housing market figures. The latest Rightmove figures indicate this month has posted a 1.3% increase in the average house price. This is the same rate as last year during March when buy to let investors were scooping up property in an effort to beat the newly instated taxes which were coming soon.

There is a growing trend among the community which is paying a mortgage far into their retirement years. It is caused by a variety of reasons, but it is mainly due to their age at the time of purchase being pushed back. Typically, this is due to a variety of challenges placed before them as they try to reach the first rung of the property ladder. This trend is a growing number of pensioners are paying for a mortgage far into their senior years of life.

While house owners across the UK are able to obtain a new mortgage deal in the form of a remortgage, and save money, many house hunters are being challenged daily by the high prices of property. These high prices are making it more difficult than ever to be able to afford a residence of any kind. Since 1997, the average price of a house in the UK has increased more than 250%. This figure is in stark comparison to the 68% increase in wages which has taken place over the same amount of time, according to the Office for National Statistics.

There is no secret that demand for homes across the UK is at a feverish pace. At the other end of the spectrum sits the shortage of housing which is present and has been present for years now, with expectations that it will worsen over time. House sales have slowed a bit over the last few months, but in Northampton property sales are quite hot. The current number of days before a house goes under offer is only 27.

Remortgage is maintaining its top spot within the UK housing market as many other sectors continue to trudge up the recovery hill and rebound. The Brexit vote of last June challenged some sectors within the market and made normal activity levels quite difficult to uphold. Many experts still describe the market future as uncertain and struggle to make accurate forecasts. This is all happening just days before Article 50 will possibly be triggered.