It would be an understatement to say that the conditions our economy has been operating in were simply abnormal. Never has there been a Brexit and especially such an occurrence right after a recovery from a recession. Yes, the economic crisis recovery was just back around the corner when the Brexit vote happened. Things have certainly been different and that is why any expectations or forecasts by experts have felt more like guesses or politically charged.

The truth of what has emerged is that consumers have chosen to push aside any negativity and do what is best for their needs when opportunity emerged from current economic conditions and those opportunities certainly emerged.

For home buyers there have been lower asking prices and low interest mortgage rates. The mortgage deals have been creative in helping those having problems saving for a deposit and fixed rate low interest rates have at times been historically low for the lender offering them. The opportunities have brought back first time buyers at a level that they are expected to be the highest purchase group of home buyers in 2019.

Home movers have been rare in the market. Instead of buying, homeowners are staying put and instead saving money with remortgages. Many are thought to be turning their built up equity into cash with a remortgage and using that money to invest back into the property. By upgrading heating systems, kitchens, garden areas, and more, they are not only increasing the value of their home for when they sell in the future, but saving money when they obtain a lower interest rate with their remortgage.

Savings for homeowners seeking remortgages have been substantial for many. The ability to set a fixed rate for a long term with a low interest rate not only can save money, but give peace of mind rather than worry about rising rates in the years ahead.

Interest rates could increase in 2020 and remortgage lending could certainly see the very lowest interest rate remortgages disappear. There is still time to remortgage and save big, but it will require that homeowners take action sooner rather than later while lenders are still competitive and Brexit has yet to be fully worked out.