Many UK housing market experts see this year as one which will end with little growth in house prices. The forecast is scattered with periods of challenging times this year and no real progression forward. Factors leading to these types of opinions include Brexit negotiations, taxes, and slowly rising wages. There are however areas of the housing market which are refusing to be challenged or slow down. Those areas are the rental sector and remortgage.

The rental sector has remained resilient over the past several months, especially during the first quarter of this year. According to data released from Homelet, rental costs have actually increased modestly during the first quarter of 2018. This increase has been subtle and resulted in a cumulative increase over the past twelve months of 0.9%.

Outside London, the average rental price now resides at £759. This has increased 0.1% over the past twelve months. Within the capital city, the average rental price now sits at £912.

As rental prices have held their ground over the past several months, remortgage has held its ground as well.

With resounding talk of a possible interest rate hike coming in May, UK house owners have been quite active with their thoughts of remortgage. This thinking has resulted in action and lenders are currently struggling to keep up with the pace of demand. Many attractive deals remain available for those seeking a path to potentially save money each month and lock in to a more secure future against the threat of rising rates in the future. This can all be done with a fixed rate remortgage.