House prices continue to increase, even as the housing market has slowed a bit, according to the latest data to surface. Data supporting the increase has opened the eyes of several home owners who claim they could not afford the same house today if it was available. The survey, completed by MyJobQuote, discovered approximately 30% of those responding would be unable to afford the house they currently reside in if it was on the market for sale today. This further supports the idea of house owners seeking methods like remortgage to help lower house payments compared to deciding to move home.

As of today, house prices are up in price by 2.2% during the last three months compared to the same three months this time last year. The average house price across the country now sits at £220,962. Those surveyed claim the house prices of today are an average of £50,000 higher than the original house price they paid.

House owners of today are challenged daily to overcome hurdles related to affordability. There are house payments, petrol costs, food costs, clothing expenses, and other monthly outgoings which are constantly placing a strain on household income. This could all be relieved in a major way through remortgage.

A remortgage can now be completed entirely online and approval is possible in just a fraction of the time compared to previously. This makes remortgage accessible and possible for any household seeking some financial relief and potentially some extra cash through the process.

With the increase in house prices during the last decade, house owners need a way to combat expenses of each month. Moving home is now more challenging than ever, but remortgage can make it possible to stay put and remain in the current house. Since access to cash is possible through remortgage, a new home renovation is possible along with paying off old debt.