A recent surge in construction to start the New Year, suggests the UK housing market could be on the mend after a weak final month to the year 2014. House construction, as well as other types of projects getting underway, indicates the slight hesitation of growth within the market is quickly coming to an end, according to surveyor Markit. PMI, which is a ratio measurement which separates growth from reverse of growth, grew in January to almost 60. This is quite a change from the 57.6 figure of PMI in December of last year. Construction has started bouncing back and competition among lenders is keeping mortgage loan and remortgage activity steady.

Tim Moore with Markit commented on the amount of activity now trending in construction, saying: “UK construction companies have found their feet again after a protracted slowdown in output growth at the end of 2014. Stronger trends were recorded across housing, commercial and civil engineering, although each category of activity still experienced much slower growth than the high-water marks achieved last year.

"In short, the peak speed of the construction recovery seems to be over, but reports of its death have been greatly exaggerated."

Rob Wood with Berenberg Bank, commented on the current outlook of construction and its relation to the coming general election, saying: "Manufacturing and construction seem to have started 2015 on the front foot despite some firms reporting uncertainty about the economic outlook, perhaps reflecting the upcoming general election.”

Wood added: "The construction expansion has slowed from the torrid pace registered in the first half of last year when the PMI was consistently above 60, but 59.1 is still an extremely strong reading.

"A stabilising housing market and continued robust momentum in the wider economy are for now offsetting any lingering worries, boding well for growth this year."

Many house owners remain on the fence about making a move currently with spring in the distance and question marks swirling around the fate of the base rate. There are however, many attractive deals on the table for mortgage lending or a remortgage.