Uncertainty surrounding Brexit has many house owners riddled with doubt as to what is wise to make decisions about within the UK housing market. Those in the market to buy or sell have been sitting on the fence for several months in anticipation of what could happen at the end of March. Predictions from many upper tier economists have ranged from immediate growth following official Brexit day of March 29 to a potential spiral downward. One thing is certain however, and that is the low level of interest rates which are now available from many lenders on a number of mortgage deals.

Interest rates remain at historic lows. There have been two increases in the standard base rate within the last fifteen months. The base rate currently sits at the low level of 0.75%.

In addition to the standard base rate sitting at a level considered extremely low by historical terms, lenders are increasing the attractiveness of many mortgage lending deals by lowering interest rates since the beginning of the year.

Not only are lenders lowering rates on original mortgage loans, they are also making remortgage lending much more appealing to house owners awaiting the impact of Brexit on the housing market.

Housing experts see this time as quite a favourable moment in history as compared with other years for those in search of possible savings. Remortgage is considered a wise decision now before the official day of Brexit and is expected to remain a good decision for most of this year. Interest rates are not predicted to increase this year. It could be the best time to remortgage for house owners according to many close to the housing market.