In the shadow of Brexit UK consumers have proven to be of strong mind and determination and have not yet folded to the gloom and doom of forecasts by experts. Not only are they buying, but they are also buying homes. According to reports by UK Finance at the close of 2018 there were almost 31,000 first time buyer mortgages completed. The total for the year was reported at 370,000.

The first time buyers of last year amounted to more than 1.9% than those in 2017 and it is the highest volume recorded since 2006.

Homeowners were keen to take advantage of the continued low interest rates as well, with 34,000 remortgages completed in December. The volume was higher than that recorded in December 2017 of 31,100. Last year also recorded higher in both volume and value than 2017.

The number of remortgages for 2018 recorded totaled 476,900.

Homeowners have been advised to consider a remortgage for 2019. Low interest rates at this time are attractive and the opportunity to secure a safety net against rising rates offers benefits in the midst of Brexit’s impact on the economy.

Homeowners are also encouraged to consider a remortgage’s overall benefit and savings versus just the interest rate. Fees and other attached expenses could make the lowest offered rate less of a savings than one that has a bit higher rate but less in fees. Another tip is to shop around online for a quick quote to determine how much of a savings could be possible.

If a remortgage could be helpful, then there is no time like the present to shop around and find the best deal possible.