UK house owners are currently facing uncertain times for those who are closing in on the end of their initial mortgage loan term. With all that surrounds Brexit and the options available it can be a worrisome affair. The good news is that many lenders are making it possible to obtain a remortgage loan with a low interest rate along with many incentives. The state of the housing market is filled with questions, but there are opportunities to save money and create a more positive looking financial future.

The facts of the UK housing market are surprising, yet encouraging for house owners considering what the future holds for households across the country. Savings are possible now for those property owners who are able to take a look around and see what the market holds.

Whether it is securing a lower interest rate, securing cash for a home renovation, or simply avoiding the switch to the lender SVR, a remortgage is still being pushed by many experts close to the housing market.

In October of last year, the number of property owners securing remortgage hit a decade long high. More than 50,000 home owners remortgaged during the month which is an increase of 23% compared to one year earlier.

This rush to remortgage has been pushed by the possible future increases in base rates, uncertainty surrounding Brexit in March, and the avoidance of moving over to the lender SVR.

Housing experts are recommending remortgage to those property owners who are not only concerned with Brexit, but feel compelled due to possible increases in interest rates which could come later this year. Remortgage is now considered by many as a wise financial decision, although Brexit sits just weeks away.