Remortgage demand is expected to remain strong through the rest of the year within the UK housing market. The latest economic data from the Bank of England concluded remortgage lending activity was quite heavy in Q3 of this year and more lending is expected to continue in the next three months. The central bank has also concluded lenders will be raising margins on prime lending in the coming days.

The recent data from the Bank of England confirms remortgage activity is here to stay. For at least the rest of the year remortgage activity is expected to be quite strong, according to many housing specialists close to the market.

House owners continue to be in a favourable position to find an attractive remortgage deal from lenders of all types. Low interest rates remain quite a staple within the remortgage sector and it is serving both borrowers and lenders well. Lenders are striving every day to keep up with demand for remortgage and borrowers are finding deals which are saving them money and making it possible for home equity to be turned into cash.

Other high profile sectors within the housing market are performing well, but not like remortgage. The lending tool has been on quite a run since the beginning of the year and has not looked back.

Although the market has seen two increases in the standard base rate over the last twelve months, remortgage deals saturated with incentives and low interest rates have remained. It is quite the borrower market currently and is expected to continue.