Remortgage activity started the year strong, had a brief slowdown in the month of February, and then levelled off during the month of March. Many experts in and around the UK housing market believe outside influence led to the slowdown. The response so far has been the triggering of Article 50 created a pause in the avalanche of remortgagors. March was a pivotal month for the sector and talk of possible inconsistency through the end of the year is a possibility.

The trigger of Article 50 took place in the month of March and many experts see this event as the possible reason for remortgage activity to come to a stalling period. Remortgage quantity levelled off during the month of March and that has some experts concerned about months leading to the end of the year. Remortgage accounted for 25% of the total lending market in March which was down from 29% the month prior.

Remortgage has surged as of late as one of the primary tools to relieve a household budget of stress and strain. Through a remortgage, house owners are potentially able to save hundreds, sometimes thousands of pounds off the cost of the monthly mortgage payment. Many households are finding relief and able to use valuable home equity cash as a way to pay off other debt, start a home renovation, or go on a pleasant holiday.

Remortgage figures could begin to fall, according to housing experts.

Andy Knee of LMS sees interest rates beginning to increase slightly and that is causing many home owners to seek long term financial security. According to the latest figures, 32% chose a fixed five year deal in the month of March which is a significant increase over the 9% who chose such a product the month before.