Despite new tax surcharges, the historic Brexit vote, and uncertainty at every turn as the year came to a close, house price growth finished the year at the same level as 2015. House price growth at year end was 4.5%. 

As the gap in time widens from the historic Brexit vote held in June of last year, confidence regarding the UK housing market increases. One area of data which confirms that point can be found in the latest figures of mortgage loans approved from the month of November. The season of autumn not only brought cooler temperatures, but an increase in the number of home purchases. 

The New Year brings with it the promise of a fresh, new beginning in every way. We all make resolutions which we try to complete no matter the cost and that includes resolutions involving our financial health. Many are turning to credit cards to get by and sometimes more than get by. 

As the New Year gets underway, the UK housing market will soon reach full speed again. Many close to the market are anxious to see what will transpire as we draw closer to the selling season. Currently, one sector is leading the way with activity and approvals in regard to mortgage lending. That sector is the remortgage sector and it is on fire.

Technology within the UK housing market is creating a new wave of how business is done, according to recent reports. This new technology includes processing many types of mortgage loans online. One type is certain to show great potential for increase and many lenders are welcoming the opportunity. The type of mortgage lending making its way to the fast track is remortgage.

Although the UK experienced many newsworthy events during the year 2016, the housing market has bounced back much quicker than many expected. That has led forecasts of UK housing prices to become more bullish for the coming twelve months and beyond.