The housing market has remained a seller’s market for years with multiple rounds of house price increases with few rounds of wage increases or breaks in the inflation of property costs. This, along with uncertainty hanging over the market since the Brexit vote, has made it difficult to make decisions on making a move with a property. However, with a recent cooldown in the market in regard to house price growth, it may be turning into a market which favors buyers instead of sellers.

The housing market is full of uncertainty and is creating challenging times for those on the fence in regard to selling, buying, and remortgaging. For those selling a property, it is difficult knowing the exact time to put the property on the market for fear of more property prices falling. Is this a proper time to put it up for sale or wait and possibly see prices increase in the coming months?

For buyers, it is difficult as well. House price growth is in a falling mode, but for how long? House price reduction started at the end of last year and is now approaching a six month period. Do I buy now or wait and see house prices fall even further?

For those remortgaging, it is a strategy full of questions as well. With falling house prices, many house owners will pause and wait for house prices to rise again. This will ensure the value of the house is at its peak and access to cash will be at the optimum level.

It is a decision which will have implications now and provides more benefits than other types of options to lending. Remortgage is able to always provide a potential savings in the cost of the monthly mortgage payment.

Timing is difficult during this uncertain period, but many experts claim demand for remortgage will remain strong all year. Low interest rates combined with lender competition make the market in favor of anyone remortgaging at this moment.