House prices increased steadily over the first part of the year due to continued low interest rates offered by lenders, strong consumer confidence in the housing market, and a low jobless rate. Another factor that played into strong housing sales was the increase in the sales tax that took place on 1 April for secondary homes, and that included landlords. The rush to beat the tax increase pushed for those hoping to save to complete their purchase and mortgage before the deadline, and that increased figures dramatically up to April.

There is a natural correcting going on in the market according to experts, and soon the impact of the Brexit vote will show up in reports.

There have been many forecasts as to what could be expected from the vote, but no one knows for sure. While some believe there could be a major decrease in house sales, increases in mortgage rates, and a lack of remortgage opportunities, others see it as quite the opposite of anything ominous.

No doubt hopeful home buyers are going to stay focused on their goal of owning their own property. The Bank of England is not expected to raise interest rates any time soon, and lenders are keen to attract new customers with continued low interest rates. The remortgage environment will likely remain optimistic for months to come.

In other words, changes won’t happen quickly, but those looking to take advantage of the current opportunities might want to consider their options if they find them favorable for their needs. Shopping around for mortgages and remortgages, considering brokers to help along with the process, and seeking advice from experts could be advantageous.

During the coming months more will be revealed, but until then the current possibilities for mortgages, home purchases, and remortgages looks much like it did weeks ago, and there are attractive opportunities to be had.