Demand within the UK housing market for mortgage lending has seen serious ebb and flow this year and many experts wonder what will happen next. Fingers have pointed squarely at Brexit and the uncertainty it has created. Now, with the year quickly coming to an end, forecasting for the beginning of 2019 and beyond is in play. Remortgage has grabbed the spotlight for most of the year and that trend is expected to continue for months to come. In a word, remortgage activity has been extremely hot.

Original mortgage lending had a slow start to this year, but remortgage has constantly picked up the slack and filled the gap in slow times. Mortgage lending has been in the spotlight, especially due to the two interest rate increases which have taken place in the last thirteen months. The standard base rate now sits at 0.75% after two 0.25% increases.

Lenders are making it quite the market for those in search of potentially saving money and securing a remortgage. Many initial deals have now come to an end making this the perfect time to grab a new deal.

House owners are sitting in a favourable position to find a deal with not only a low interest rate, but likely also featuring valuable incentives. There is also quite possibly a deal available with cash back connected to it.

Housing experts see this as fertile ground for house owners to find a suitable deal. Many lenders are offering strong deals prior to the end of the year which is not typical. A large number of lenders are making a strong push to reach their lending targets for the year.