Remortgage Smart Option in the Days following Brexit
Many close to the housing market predicted the bottom was going to fall out in the days following the historic vote which took place in the month of June. Politicians especially were forecasting a crash in the housing market after the vote. It has been a month since that day and data is confirming one thing for certain. A slowdown is occurring in the UK housing market.
Homeowners looking to sell are now wearing more concern than this time two months ago. The prospect a house will be harder to sell becomes more real as the days pass. There is a silver lining for those looking to sell based solely on an economic factor. A remortgage looks more attractive each day.
There are low interest rate deals out there in great number and it is now time for house owners to stand up and notice. Lenders are still in the mood to be competitive with other lenders and they are not keeping it a secret.
House owners looking to sell might need to consider the timing of the sale based on opinions expressed by experts.
Tim Jackson of London-based developer SAS Investments commented on the issue of houses entering the market, saying: "If a real peach comes onto the market, there may be some tough negotiations for it."
For some families, it might come down to a decision now to wait or proceed with a remortgage which might benefit them more than they know. Many house owners have realised massive amounts of savings each month by lowering the interest rate associated with their loan.