With the direction of the UK housing market up in the air until the Brexit vote is completed on the 23^rd of June, many house owners are sitting on the fence with the decision to remortgage. Many housing insiders are urging anyone with ownership of a home to act now. Interest rates are at the lowest level seen in years and according to the Chancellor there is a great chance interest rates will rise with a vote to leave the EU.

There are weeks left until the official Brexit vote takes place. Whilst many house owners are playing a waiting game to see which direction interest rates and therefore the housing market goes in, the time is now for a remortgage

Interest rates could possibly go up according to David Osborne. He believes the Monetary Policy Committee within the Bank of England will uphold the responsibility of the committee and harness inflation by raising rates if inflation does indeed increase. Many within the market oppose this idea and believe inflation remain in a safe range.

A remortgage now will take some time to complete, although the process has been quite streamlined and can now be completed entirely online. Lenders are in heavy competition and offering attractive deals with low interest rates and low administrative fees.

The Brexit vote is coming and with it uncertainty for the direction of the market. Housing experts agree that the time to remortgage is now and waiting only puts a house owner at risk of possibly having to accept a deal with a higher interest rate compared to what is now being offered.