In the moments following the Brexit vote in which the UK voted to exit the EU and become an independent entity, much discussion is taking place about the fate of the UK housing market in the short term as well as the longer term. Although the opinion of overall uncertainty prevails currently, many estate agents believe the market could see benefits in the short term. Agents are estimating a large number of foreign investors will find the UK housing market attractive due to the added buying power they currently hold with the falling pound.

The referendum is now behind us and with it the question of what the outcome will hold is now before us. The vote to leave the EU was quite surprising to many who went to bed early and saw the vote swinging in the direction to stay. That did not happen and now the path to the future holds a new set of cards.

The remortgage sector specifically is not expected to see many immediate changes. Activity is expected to remain the same with many lenders competing heavily offering low interest rates and low administrative fees. Other sectors of the housing market however are expected to see potentially greater levels of activity according to some close to the market.

Knight Frank commented on the impact of the vote, saying: "In the short to medium-term, the fundamental demand and supply dynamics in the market are unlikely to change, with a continued structural under-supply of homes across the country, underpinning pricing in some of the most desirable and best-connected areas.

"Demand for prime London property rests on a wide range of drivers - most of which are unaffected by the referendum decision: the scale of London's business cluster, depth of skills, education, lifestyle and language. It is not easy to identify an obvious alternative destination for investors despite short-term nervousness."