House prices are increasing according to the latest housing figures to surface. Month on month in May house prices increased almost 2%. This is following the slight fall in house prices which took place in the month of April. Increasing house prices equates to a favourable period for home owners to continue to take advantage of low interest rates through remortgage. Higher priced property means more cash is typically available through the remortgage process.

Remortgage activity is expected to continue through the end of the year and that is favourable news for anyone looking to lower the interest rate currently connected to their mortgage package. Housing experts see activity remaining strong due to low interest rates and competition among lenders. Rising house prices also sets up a strong period of access to cash for any homeowner looking to remortgage.

Access to cash is a massive benefit in the remortgage approval process. Although it is secondary to the main advantage which is securing a lower interest rate, access to cash through remortgage is quite helpful for any homeowner looking to move forward and get ahead. Many homeowners seeking a remortgage are still unaware of the possibilities which come with remortgage. Access to cash is one of the most beneficial ones.

House prices are only expected to rise 1-2% overall by the end of the year. Housing experts place this figure at a lower number than last year due to the high amount of uncertainty which surrounds the market currently with the outcome of Brexit negotiation and potential new stamp duty laws. Remortgage however is expected to remain strong through the year.