The upcoming referendum on the possibility of the UK quitting the EU has the undivided attention of the entire country and many parts of the world. This vote will have historical impact like none seen in decades. For the UK housing market it is affecting many with the decision to remortgage or not. Many close to the housing market believe the time could not be any brighter to remortgage and take advantage of the benefits it has to offer.

Home owners are cautiously waiting to see the outcome of the vote which takes place on the 23^rd of this month. They wonder if house prices will immediately go up again or will they gradually fall enabling more people to gain access to the now elusive property ladder.

The flurry of debating opinions has one thing in common regarding the overall housing market. Now is a great time to remortgage.

The time is perfect to remortgage for several reasons. Interest rates are extremely low and the results of the Brexit vote will probably not affect rates in a way to pull them lower, according to housing experts. Secondly, lenders are still in a mini-war of competition and are making every effort to acquire new customers. They are offering attractive deals with quite low administration costs to complete the transaction.

Next, as wages struggle to keep up with inflation, the cash found in home equity has never held so much value. It makes it possible to start a home renovation, pay off old debt, or take a holiday.

The referendum should not be a deterrent for those looking to remortgage. According to many within the housing market, the time could not be better.