Results of the June referendum created weeks of uncertainty which led to consumer confidence being dragged down a bit. Major and even minor buying and selling decisions were placed on hold or completely abandoned altogether. This led to a modest cooling off period which could be coming to an end, even though the close of the year is close at hand. Many experts are seeing a possible turnaround in several sectors within the UK housing market.

Remortgage figures have been increasing during the last few weeks. The Bank of England acted to avoid any serious fallout from the surprising result of the Brexit vote by lowering the base rate and cut it in half to 0.25%. This enabled many home owners to remortgage and house buyers to obtain lending at a lower rate than what was previously possible.

Creating an atmosphere of lower lending cost makes everything more of a possibility for not only owners of residences, but commercial borrowers as well. House owners can feel free to research the possible savings which are possible through a remortgage. Many lenders are still in heavy competition mode and offering deals with little to no administrative costs.

Remortgage activity began the year on a high note, but quickly tapered off with the June vote suffering a slight summer slowdown. It is now roaring by many accounts and is seeing household after household take advantage of the massive savings which are possible with a lower interest rate. The process has been streamlined and can now be completed entirely online.