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UK Economy and Housing Market Hold Strong as Autumn Approaches

UK Economy and Housing Market Hold Strong as Autumn Approaches

The UK economy is turning out to be resilient in the face of the Brexit vote. It is believed by many experts, including top economists, that activity stabilized last month and throughout the end of the year we will see that trend continue. In fact, we are expected to escape the forecasted recession that was a possibility.

The housing market, a very strong factor in the health of the economy, has proved to hold on to strong demand from buyers. Hopeful home buyers were not deterred and that has helped push back much of the naysayers that were so pessimistic following Brexit.

Now, it is a matter of walking that tight line that holds growth on one side and decline on the other. It is important because the changes in the housing market, the lending environment, and associated factors can have an impact on home buyers, homeowners, and home movers.

One of the most important issues is that homeowners need to be aware of the opportunity to remortgage and secure a fixed rate at a historical low interest rate. For many it would provide a security net for their household financial health as the economy shifts and adjusts in the face of financial change domestically and globally.

Experts suggest that homeowners take notice. There are attractive opportunities available to remortgage and if that would be helpful then this could be one of the best times to start shopping around for a new deal, especially since it is so easy to do so online.

One important tip is to take into consideration the entire remortgage, which would include all fees as well as the interest rate, for only in considering the entire deal is the true value exposed. Not every homeowner needs the same remortgage, so shop for the one that is right for your unique need.

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