Based on housing data from the month of May, the market appears to remain subdued for the time being. Aside from the majority of the data remaining flat, there was one area which did indicate improvement - housing supply. The number of homes placed on the market for sale increased in May to reach a positive level for the first time since 2016, according to figures from the Royal Institution of Chartered Surveyors. This is encouraging for estate agents who are looking to improve their supply offered for sale.

For those in search of a remortgage, attractive deals remain on the table. Lenders are still offering remortgage deals with excellent interest rates connected to them. Low interest rates are continuing to provide home owners with benefits to improve the bottom line. The opportunity to secure a low, fixed interest rate is here now, but could disappear tomorrow.

Housing experts see this time as perfect for home owners to consider remortgage and the benefits it has to offer. Historically low interest rates, access to valuable cash, and security against future interest rate increases are some of the things remortgage is able to do.

The possibility of a rate increase in the month of August is real. The Bank of England has hinted at the potential for a rate increase and many see this as a precursor to it actually taking place. The hike was postponed in the month of May which fortunately gives home owners the chance to collect their thoughts and documentation and prepare for a remortgage in the coming days. In the opinion of many, there is no time like the present.