New British home construction fell in the fourth quarter more than previously thought, according to fresh data made public on Friday. The new information indicated new home construction actually fell for the first time in approximately two years. Output dropped off more than 2% during the three month period compared with the third quarter. Earlier estimates fell in the 1.8% level. Estimates for the quarter were from the Office for National Statistics.

Data of new home construction is quite relevant in judging the current health of the UK housing market and estimates for coming quarters. Estimates for the number of mortgage and remortgage approvals are also relevant. Many experts see the spring time as the catalyst for activity which will take place in the market.

Remortgage activity is currently moderate and many house owners are seeing the benefits of a remortgage. However, many home owners are not taking advantage of the numerous benefits available with a remortgage. One of the most beneficial features of a remortgage is the amount of cash which can become immediately available after a remortgage is approved.

The second important feature is the potential decrease in the amount of monthly mortgage cost which accompanies a remortgage. This is typically however the primary reason for many to consider a remortgage.

Remortgages are now easily obtainable online at any time. There is also an easy way to compare deals online which makes it possible to find a deal which is most suitable for any situation. Also, there are currently multiple deals available due to the heavy amount of lender competition.